SUMMARY TABLES - whitehouse.gov€¦ · Proposals in the 2016 Budget: 2 Tax reforms and investments to support working ... proposals to limit the total accrual of tax-favored retirement

89

SUMMARY TABLES

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

91Table S–1. Budget Totals(In billions of dollars and as a percent of GDP)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

Budget Totals in Billions of Dollars:

Receipts �� 3,021 3,176 3,525 3,755 3,944 4,135 4,332 4,525 4,746 4,986 5,236 5,478 19,692 44,664

Outlays �� 3,506 3,759 3,999 4,218 4,423 4,653 4,886 5,126 5,372 5,621 5,875 6,165 22,180 50,338Deficit �� 485 583 474 463 479 518 554 600 626 635 639 687 2,488 5,674

Debt held by the public �� 12,780 13,506 14,108 14,705 15,315 15,959 16,635 17,349 18,085 18,830 19,577 20,371

Debt net of financial assets �� 11,455 12,038 12,512 12,974 13,453 13,970 14,524 15,124 15,749 16,384 17,022 17,709

Gross domestic product (GDP) �� 17,244 17,985 18,819 19,709 20,617 21,540 22,476 23,454 24,474 25,539 26,649 27,808

Budget Totals as a Percent of GDP:

Receipts �� 17�5% 17�7% 18�7% 19�1% 19�1% 19�2% 19�3% 19�3% 19�4% 19�5% 19�6% 19�7% 19�1% 19�3%

Outlays �� 20�3% 20�9% 21�3% 21�4% 21�5% 21�6% 21�7% 21�9% 21�9% 22�0% 22�0% 22�2% 21�5% 21�7%Deficit �� 2�8% 3�2% 2�5% 2�3% 2�3% 2�4% 2�5% 2�6% 2�6% 2�5% 2�4% 2�5% 2�4% 2�5%

Debt held by the public �� 74�1% 75�1% 75�0% 74�6% 74�3% 74�1% 74�0% 74�0% 73�9% 73�7% 73�5% 73�3%

Debt net of financial assets �� 66�4% 66�9% 66�5% 65�8% 65�3% 64�9% 64�6% 64�5% 64�4% 64�2% 63�9% 63�7%

92S

UM

MA

RY

TA

BL

ES

Table S–2. Effect of Budget Proposals on Projected Deficits(Deficit increases (+) or decreases (–) in billions of dollars)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016–2020

2016–2025

Projected deficits in the adjusted baseline 1 ..................................... 578 535 547 556 666 739 785 947 973 981 1,151 3,044 7,880

Percent of GDP �� 3�2% 2�8% 2�8% 2�7% 3�1% 3�3% 3�3% 3�9% 3�8% 3�7% 4�1% 2�9% 3�4%

Proposals in the 2016 Budget: 2 Tax reforms and investments to support working families:

Middle-class and pro-work tax reforms �� 3 10 26 28 28 28 29 31 31 32 33 120 277Child care for all low- and moderate-income families with young

children �� 3 4 5 6 7 8 9 11 12 14 24 78Partner with States to provide tuition-free quality community

college �� * 1 2 3 5 6 8 9 12 13 12 60Capital gains tax reform �� –4 –9 –21 –18 –21 –22 –22 –22 –23 –24 –25 –91 –208Financial fee �� –6 –11 –11 –11 –11 –12 –12 –12 –13 –13 –50 –112Proposals to address high-income tax avoidance 3 �� –6 –8 –9 –9 –10 –10 –11 –12 –13 –12 –42 –101Debt service �� –* –* –* –1 –1 –1 –1 –1 –1 –1 –1 –3 –8

Total, tax reforms and investments to support working families �� –1 –8 –9 –4 –6 –4 –1 1 3 6 10 –31 –13

Additional investments in growing the economy and creating opportunity:

Surface transportation reauthorization �� 3 10 15 17 18 19 16 10 6 4 61 116Transition revenue from business tax reform 4 �� –35 –56 –54 –52 –50 –20 �� –248 –268

Investments in early education and children’s health 5 �� * 5 8 10 8 10 11 12 12 11 31 88Tobacco tax financing �� –8 –11 –11 –11 –10 –10 –9 –9 –8 –8 –51 –95

Additional investments in education, innovation, infrastructure, and security �� –1 37 54 56 56 48 40 –20 –47 –59 –68 252 96

Additional mandatory and tax proposals �� 1 –30 –12 15 –28 –33 –38 –93 –46 –2 –53 –89 –322

Debt service �� * –* –1 –1 –1 –1 –2 –4 –7 –10 –13 –4 –39

Total, additional investments �� * –33 –12 28 –9 –22 –1 –100 –88 –62 –127 –48 –425

Additional deficit reduction from health, tax, and immigration reform:

Health savings 6 �� 5 6 –6 –17 –26 –35 –45 –54 –64 –75 –86 –78 –402Reforms to high-income tax expenditures 7 �� –35 –46 –52 –58 –63 –68 –72 –77 –82 –86 –253 –638Immigration reform �� 6 –1 –10 –15 –17 –18 –20 –23 –29 –31 –37 –158Debt service �� * –* –1 –3 –7 –11 –16 –22 –29 –37 –46 –22 –173

Total, additional deficit reduction �� 5 –23 –54 –82 –106 –127 –147 –169 –193 –223 –249 –391 –1,371

Subtotal, tax reforms, investments, and additional deficit reduction ................................................................................... 4 –63 –75 –58 –121 –152 –149 –268 –278 –278 –367 –470 –1,809

Other changes to deficits:Reductions in Overseas Contingency Operations �� –* –11 –29 –41 –48 –51 –53 –71 –81 –85 –87 –180 –557Replacement of mandatory sequestration �� 11 18 18 19 20 21 21 27 29 1 86 185

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

93Table S–2. Effect of Budget Proposals on Projected Deficits—Continued

(Deficit increases (+) or decreases (–) in billions of dollars)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016–2020

2016–2025

Proposed Budget Control Act cap adjustment for disaster relief and wildfires �� * 2 3 3 3 1 1 1 1 1 1 12 18

Debt service and indirect interest effects �� * * –* –1 –1 –2 –4 –5 –7 –10 –13 –4 –43

Total, other changes to deficits �� * 3 –9 –20 –28 –33 –35 –54 –60 –65 –97 –86 –397

Total proposals in the 2016 Budget ........................................ 4 –61 –84 –77 –148 –185 –184 –321 –338 –343 –464 –556 –2,206

Resulting deficits in 2016 Budget ....................................................... 583 474 463 479 518 554 600 626 635 639 687 2,488 5,674

Percent of GDP �� 3�2% 2�5% 2�3% 2�3% 2�4% 2�5% 2�6% 2�6% 2�5% 2�4% 2�5% 2�4% 2�5%

Memorandum: Debt held by the public in the adjusted baseline ........................ 13,502 14,159 14,828 15,505 16,286 17,134 18,018 19,066 20,140 21,216 22,459

Percent of GDP �� 75�1% 75�2% 75�2% 75�2% 75�6% 76�2% 76�8% 77�9% 78�9% 79�6% 80�8%

Debt held by the public in the 2016 Budget ................................. 13,506 14,108 14,705 15,315 15,959 16,635 17,349 18,085 18,830 19,577 20,371Percent of GDP �� 75�1% 75�0% 74�6% 74�3% 74�1% 74�0% 74�0% 73�9% 73�7% 73�5% 73�3%

* $500 million or less�1 See Tables S–4 and S–7 for information on the adjusted baseline�2 For total deficit reduction since January 2011, see Table S–3�3 Includes proposals to limit the total accrual of tax-favored retirement benefits and conform SECA taxes for professional service businesses�4 Business tax reform transition revenue finances the $126�5 billion in budget authority for new surface transportation investments (the PAYGO portion of the

reauthorization proposal) plus $111�9 billion of cash transfers necessary to ensure Transportation Trust Fund solvency for all programs proposed to be funded via the Transportation Trust Fund over the six-year reauthorization period, leaving an additional $29�7 billion for deficit reduction�

5 Includes proposals to support Preschool for All, extend the Maternal, Infant, and Early Childhood Home Visiting program, and extend CHIP funding through 2019�6 Includes all HHS health savings and OPM FEHBP savings�7 Includes proposals to reduce the value of certain tax expenditures and implement the Buffett Rule by imposing a new “Fair Share Tax�”

94S

UM

MA

RY

TA

BL

ES

Table S–3. Cumulative Deficit Reduction(Deficit reduction (–) or increase (+) in billions of dollars)

2016–2025

Deficit reduction achieved through January 2015, excluding Overseas Contingency Operations (OCO):

Enacted deficit reduction excluding pending Joint Committee enforcement:Discretionary savings 1 �� –1,634Mandatory savings �� –97Revenues �� –776Debt service �� –848

Subtotal, enacted deficit reduction excluding pending Joint Committee enforcement �� –3,355

Pending Joint Committee enforcement: 2

Discretionary cap reductions �� –532Mandatory sequestration �� –185Debt service �� –172

Subtotal, pending Joint Committee enforcement �� –888Total, deficit reduction achieved, excluding OCO �� –4,243

Tax reforms and investments to support working families:

Tax reform and investment proposals 3 �� –5

Debt service �� –8Total, tax reforms and investments to support working families �� –13

Additional investments in growing the economy and creating opportunity:

Investment proposals and offsets 4 �� –386

Debt service �� –39Total, additional investments �� –425

Additional deficit reduction from health, tax, and immigration reform:

Health savings �� –402

Reforms to high-income tax expenditures �� –638

Immigration reform �� –158

Debt service �� –173Total, additional deficit reduction �� –1,371

Subtotal, tax reforms, investments, and additional deficit reduction ........................................................... –1,809

Other changes to deficits: 1 Replacement of mandatory sequestration �� 185

Proposed Budget Control Act cap adjustment for disaster relief and wildfires �� 18

Debt service and indirect interest effects �� 41Total, other changes to deficits �� 244

Grand total, achieved and proposed deficit reduction excluding OCO ........................................................ –5,808

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

95Table S–3. Cumulative Deficit Reduction—Continued

(Deficit reduction (–) or increase (+) in billions of dollars)

2016–2025

Memorandum, revenue and outlay effects of achieved and proposed deficit reduction:

Enacted outlay reductions and 2016 Budget spending proposals �� –3,438

Enacted receipt increases and 2016 Budget tax proposals �� –2,212

Immigration reform �� –158

Memorandum, savings in Overseas Contingency Operations (OCO):

Enacted reduction in OCO funding �� –1,016

Proposed reductions in OCO �� –557

Debt service �� –354Total, savings in overseas contingency operations (OCO) �� –1,927

1 Excludes savings from reductions in OCO�2 Consists of mandatory sequestration for 2016–2024 and discretionary cap reductions for 2016–2021� 3 See Table S–2 for details on tax reform and investment proposals�4 See Table S–2 for details on additional investment proposals�

96S

UM

MA

RY

TA

BL

ES

Table S–4. Adjusted Baseline by Category 1(In billions of dollars)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

Outlays:

Appropriated (“discretionary”) programs:Defense �� 596 589 631 659 665 673 687 699 717 734 752 770 3,315 6,987Non-defense �� 525 558 563 568 569 576 585 595 607 621 635 650 2,860 5,968

Subtotal, appropriated programs �� 1,121 1,147 1,194 1,227 1,234 1,248 1,271 1,293 1,324 1,355 1,388 1,420 6,174 12,955

Mandatory programs:Social Security �� 845 891 938 991 1,051 1,116 1,184 1,253 1,325 1,402 1,483 1,569 5,280 12,312Medicare �� 505 529 585 596 608 675 727 782 875 906 934 1,038 3,190 7,725Medicaid �� 301 329 344 364 382 403 423 447 473 501 531 567 1,916 4,434Other mandatory programs �� 504 627 680 672 690 739 767 797 843 845 848 899 3,549 7,781

Subtotal, mandatory programs �� 2,156 2,375 2,548 2,623 2,730 2,932 3,101 3,278 3,516 3,654 3,797 4,073 13,934 32,252

Net interest �� 229 229 283 364 429 493 560 619 681 744 801 857 2,129 5,832

Adjustments for disaster costs 2 �� 2 6 8 8 9 9 10 10 10 10 10 40 90

Joint Committee enforcement 3 �� –67 –97 –103 –106 –107 –108 –55 –38 –33 –3 –479 –716Total outlays �� 3,506 3,753 3,964 4,124 4,299 4,577 4,834 5,093 5,477 5,725 5,963 6,357 21,798 50,412

Receipts:

Individual income taxes �� 1,395 1,477 1,610 1,707 1,814 1,915 2,026 2,146 2,271 2,400 2,529 2,661 9,072 21,078

Corporation income taxes �� 321 342 433 434 441 448 455 466 481 496 510 521 2,212 4,686

Social insurance and retirement receipts:Social Security payroll taxes �� 736 766 797 839 880 920 958 1,010 1,060 1,107 1,159 1,208 4,395 9,939Medicare payroll taxes �� 224 234 244 257 270 284 295 311 326 341 357 372 1,351 3,058Unemployment insurance �� 55 56 55 54 53 50 51 52 53 56 57 58 262 539Other retirement �� 9 9 9 10 11 11 11 12 13 13 14 15 53 119

Excise taxes �� 93 96 100 105 107 109 112 115 118 121 125 129 533 1,141

Estate and gift taxes �� 19 20 21 23 24 26 27 29 30 32 34 36 121 283

Customs duties �� 34 37 39 42 45 48 50 53 56 58 62 65 224 517

Deposits of earnings, Federal Reserve System �� 99 94 77 48 39 41 46 52 56 61 65 68 251 553

Other miscellaneous receipts �� 37 45 43 59 58 60 63 63 65 67 70 72 282 619Total receipts �� 3,021 3,175 3,430 3,577 3,743 3,910 4,094 4,308 4,530 4,753 4,981 5,206 18,755 42,532

Deficit .............................................................. 485 578 535 547 556 666 739 785 947 973 981 1,151 3,044 7,880

Net interest �� 229 229 283 364 429 493 560 619 681 744 801 857 2,129 5,832

Primary deficit ......................................... 256 349 251 183 127 173 180 165 266 229 180 294 915 2,049

On-budget deficit �� 514 590 532 535 527 617 662 692 833 829 809 943 2,872 6,978

Off-budget deficit / surplus (–) �� –30 –12 3 12 30 49 78 93 114 144 173 208 171 902

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

97Table S–4. Adjusted Baseline by Category 1—Continued

(In billions of dollars)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

Memorandum, budget authority for appropriated programs: 4

Defense �� 606 586 642 657 671 686 701 716 734 752 770 789 3,357 7,117

Non-defense �� 523 529 537 547 559 572 584 596 611 626 641 657 2,798 5,930Total, appropriated funding �� 1,129 1,115 1,179 1,203 1,230 1,257 1,285 1,313 1,345 1,377 1,411 1,446 6,155 13,046

1 See Table S-7 for information on adjustments to the Balanced Budget and Emergency Deficit Control Act (BBEDCA) baseline�2 These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction� Such assistance might be provided in the form of

discretionary or mandatory outlays or tax relief� These amounts are included as outlays for convenience�3 Consists of mandatory sequestration for 2016-2024 and discretionary cap reductions for 2016-2021�4 Excludes discretionary cap reductions for Joint Committee enforcement�

98S

UM

MA

RY

TA

BL

ES

Table S–5. Proposed Budget by Category(In billions of dollars)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

Outlays:

Appropriated (“discretionary”) programs:Defense �� 596 589 605 594 582 581 588 595 608 621 633 646 2,951 6,053Non-defense �� 525 558 563 581 586 592 594 599 594 597 608 619 2,916 5,933

Subtotal, appropriated programs �� 1,121 1,146 1,168 1,175 1,169 1,172 1,182 1,194 1,202 1,218 1,241 1,265 5,867 11,986

Mandatory programs:Social Security �� 845 891 938 992 1,051 1,115 1,182 1,251 1,323 1,400 1,481 1,566 5,278 12,298Medicare �� 505 530 583 584 585 645 689 735 820 842 857 954 3,086 7,294Medicaid �� 301 333 351 364 382 404 427 450 476 504 534 567 1,928 4,459Other mandatory programs �� 504 628 662 723 785 800 825 860 858 907 959 962 3,796 8,342Allowance for immigration reform �� 8 11 18 24 28 29 35 41 48 56 89 298

Subtotal, mandatory programs �� 2,156 2,381 2,543 2,674 2,822 2,988 3,151 3,325 3,511 3,693 3,879 4,105 14,177 32,691

Net interest �� 229 229 283 361 424 483 544 597 649 700 744 785 2,096 5,571

Adjustments for disaster costs 1 �� 2 6 8 8 9 9 10 10 10 10 10 40 90Total outlays �� 3,506 3,759 3,999 4,218 4,423 4,653 4,886 5,126 5,372 5,621 5,875 6,165 22,180 50,338

Receipts:

Individual income taxes �� 1,395 1,478 1,646 1,770 1,887 2,000 2,118 2,244 2,374 2,508 2,643 2,781 9,421 21,972

Corporation income taxes �� 321 342 473 500 503 507 513 493 490 505 519 530 2,496 5,033

Social insurance and retirement receipts:Social Security payroll taxes �� 736 766 801 844 885 926 964 1,017 1,067 1,114 1,166 1,215 4,420 9,999Medicare payroll taxes �� 224 234 245 259 273 287 298 314 330 345 361 376 1,362 3,088Unemployment insurance �� 55 56 56 60 60 57 58 59 64 66 68 70 291 619Other retirement �� 9 9 9 10 11 11 11 12 13 13 14 15 53 119

Excise taxes �� 93 96 112 120 122 124 126 129 131 134 137 141 605 1,278

Estate and gift taxes �� 19 20 21 30 33 36 39 42 46 49 54 59 159 409

Customs duties �� 34 37 38 42 45 47 50 52 55 58 61 64 222 514

Deposits of earnings, Federal Reserve System �� 99 94 77 48 39 41 46 52 56 61 65 68 251 553

Other miscellaneous receipts �� 37 45 43 59 59 60 63 64 66 68 70 72 285 625

Allowance for immigration reform �� 2 12 28 39 45 47 55 64 77 87 126 456Total receipts �� 3,021 3,176 3,525 3,755 3,944 4,135 4,332 4,525 4,746 4,986 5,236 5,478 19,692 44,664

Deficit ............................................................................. 485 583 474 463 479 518 554 600 626 635 639 687 2,488 5,674

Net interest �� 229 229 283 361 424 483 544 597 649 700 744 785 2,096 5,571

Primary deficit / surplus (–) .................................. 256 353 191 102 55 34 10 4 –23 –65 –106 –99 392 103

On-budget deficit �� 514 595 477 454 453 475 484 516 521 501 476 488 2,342 4,844

Off-budget deficit / surplus (–) �� –30 –13 –3 9 26 43 70 84 105 134 162 199 146 830

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

99Table S–5. Proposed Budget by Category—Continued

(In billions of dollars)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

Memorandum, budget authority for appropriated programs:

Defense �� 606 586 612 573 584 592 598 610 622 635 648 661 2,959 6,135Non-defense �� 523 528 543 565 575 584 590 601 586 599 612 625 2,856 5,878

Total, appropriated funding �� 1,129 1,114 1,155 1,138 1,159 1,176 1,188 1,211 1,208 1,234 1,260 1,286 5,815 12,0131 These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction� Such assistance might be provided in the form of

discretionary or mandatory outlays or tax relief� These amounts are included as outlays for convenience�

100S

UM

MA

RY

TA

BL

ES

Table S–6. Proposed Budget by Category as a Percent of GDP(As a percent of GDP)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Averages

2016-2020

2016-2025

Outlays:

Appropriated (“discretionary”) programs:Defense �� 3�5 3�3 3�2 3�0 2�8 2�7 2�6 2�5 2�5 2�4 2�4 2�3 2�9 2�7Non-defense �� 3�0 3�1 3�0 2�9 2�8 2�7 2�6 2�6 2�4 2�3 2�3 2�2 2�8 2�6

Subtotal, appropriated programs �� 6�5 6�4 6�2 6�0 5�7 5�4 5�3 5�1 4�9 4�8 4�7 4�5 5�7 5�3

Mandatory programs:Social Security �� 4�9 5�0 5�0 5�0 5�1 5�2 5�3 5�3 5�4 5�5 5�6 5�6 5�1 5�3Medicare �� 2�9 2�9 3�1 3�0 2�8 3�0 3�1 3�1 3�3 3�3 3�2 3�4 3�0 3�1Medicaid �� 1�7 1�9 1�9 1�8 1�9 1�9 1�9 1�9 1�9 2�0 2�0 2�0 1�9 1�9Other mandatory programs �� 2�9 3�5 3�5 3�7 3�8 3�7 3�7 3�7 3�5 3�6 3�6 3�5 3�7 3�6Allowance for immigration reform �� * 0�1 0�1 0�1 0�1 0�1 0�1 0�2 0�2 0�2 0�1 0�1

Subtotal, mandatory programs �� 12�5 13�2 13�5 13�6 13�7 13�9 14�0 14�2 14�3 14�5 14�6 14�8 13�7 14�1

Net interest �� 1�3 1�3 1�5 1�8 2�1 2�2 2�4 2�5 2�7 2�7 2�8 2�8 2�0 2�4

Adjustments for disaster costs 1 �� * * * * * * * * * * * * *Total outlays �� 20�3 20�9 21�3 21�4 21�5 21�6 21�7 21�9 21�9 22�0 22�0 22�2 21�5 21�7

Receipts:

Individual income taxes �� 8�1 8�2 8�7 9�0 9�2 9�3 9�4 9�6 9�7 9�8 9�9 10�0 9�1 9�5

Corporation income taxes �� 1�9 1�9 2�5 2�5 2�4 2�4 2�3 2�1 2�0 2�0 1�9 1�9 2�4 2�2

Social insurance and retirement receipts:Social Security payroll taxes �� 4�3 4�3 4�3 4�3 4�3 4�3 4�3 4�3 4�4 4�4 4�4 4�4 4�3 4�3Medicare payroll taxes �� 1�3 1�3 1�3 1�3 1�3 1�3 1�3 1�3 1�3 1�3 1�4 1�4 1�3 1�3Unemployment insurance �� 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3Other retirement �� 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1 0�1

Excise taxes �� 0�5 0�5 0�6 0�6 0�6 0�6 0�6 0�5 0�5 0�5 0�5 0�5 0�6 0�6

Estate and gift taxes �� 0�1 0�1 0�1 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2

Customs duties �� 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2

Deposits of earnings, Federal Reserve System �� 0�6 0�5 0�4 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2

Other miscellaneous receipts �� 0�2 0�2 0�2 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3

Allowance for immigration reform �� * 0�1 0�1 0�2 0�2 0�2 0�2 0�3 0�3 0�3 0�1 0�2Total receipts �� 17�5 17�7 18�7 19�1 19�1 19�2 19�3 19�3 19�4 19�5 19�6 19�7 19�1 19�3

Deficit ................................................................. 2.8 3.2 2.5 2.3 2.3 2.4 2.5 2.6 2.6 2.5 2.4 2.5 2.4 2.5

Net interest �� 1�3 1�3 1�5 1�8 2�1 2�2 2�4 2�5 2�7 2�7 2�8 2�8 2�0 2�4

Primary deficit / surplus (–) ...................... 1.5 2.0 1.0 0.5 0.3 0.2 * * -0.1 -0.3 -0.4 -0.4 0.4 0.1

On-budget deficit �� 3�0 3�3 2�5 2�3 2�2 2�2 2�2 2�2 2�1 2�0 1�8 1�8 2�3 2�1

Off-budget deficit / surplus (–) �� -0�2 -0�1 –* * 0�1 0�2 0�3 0�4 0�4 0�5 0�6 0�7 0�1 0�3

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

101Table S–6. Proposed Budget by Category as a Percent of GDP—Continued

(As a percent of GDP)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Averages

2016-2020

2016-2025


Defense �� 3�5 3�3 3�3 2�9 2�8 2�7 2�7 2�6 2�5 2�5 2�4 2�4 2�9 2�7

Non-defense �� 3�0 2�9 2�9 2�9 2�8 2�7 2�6 2�6 2�4 2�3 2�3 2�2 2�8 2�6

Total, appropriated funding �� 6�6 6�2 6�1 5�8 5�6 5�5 5�3 5�2 4�9 4�8 4�7 4�6 5�7 5�3*0�05 percent of GDP or less�1 These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction� Such assistance might be provided in the form of


102S

UM

MA

RY

TA

BL

ES

Table S–7. Proposed Budget in Population- and Inflation-Adjusted Dollars(In billions of constant dollars, adjusted for population growth)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Outlays:

Appropriated (“discretionary”) programs:Defense �� 605 577 548 530 520 510 505 500 495 489Non-defense �� 563 564 552 540 525 513 493 481 475 469

Subtotal, appropriated programs �� 1,168 1,141 1,100 1,069 1,045 1,023 998 981 970 958

Mandatory programs:Social Security �� 938 963 989 1,017 1,045 1,071 1,099 1,127 1,157 1,187Medicare �� 583 567 551 588 609 630 681 678 670 723Medicaid �� 351 354 360 368 377 386 396 406 418 430Other mandatory programs �� 662 702 739 730 729 737 712 731 749 729Allowance for immigration reform �� 8 11 17 22 25 25 29 33 38 42

Subtotal, mandatory programs �� 2,543 2,596 2,656 2,725 2,785 2,849 2,917 2,975 3,031 3,111

Net interest �� 283 351 399 441 481 511 539 564 581 595

Adjustments for disaster costs 1 �� 6 7 8 8 8 8 8 8 8 8Total outlays �� 3,999 4,095 4,163 4,243 4,319 4,392 4,462 4,528 4,590 4,672

Receipts:

Individual income taxes �� 1,646 1,719 1,776 1,824 1,872 1,922 1,972 2,021 2,065 2,108

Corporation income taxes �� 473 485 473 463 453 423 407 407 405 402

Social insurance and retirement receipts:Social Security payroll taxes �� 801 819 833 844 852 871 886 898 911 921Medicare payroll taxes �� 245 251 257 261 264 269 274 278 282 285Unemployment insurance �� 56 59 56 52 51 51 53 53 53 53Other retirement �� 9 10 10 10 10 10 10 11 11 11

Excise taxes �� 112 117 115 113 112 110 109 108 107 107

Estate and gift taxes �� 21 30 31 33 34 36 38 40 42 44

Customs duties �� 38 41 42 43 44 45 46 47 48 49

Deposits of earnings, Federal Reserve System �� 77 46 37 37 41 44 47 49 51 51

Other miscellaneous receipts �� 43 58 55 55 56 55 55 54 55 55

Allowance for immigration reform �� 2 12 26 36 40 40 46 52 60 66Total receipts �� 3,525 3,646 3,712 3,771 3,829 3,877 3,943 4,017 4,091 4,152

Deficit ............................................................................................. 474 449 451 472 490 514 520 511 499 520

Net interest �� 283 351 399 441 481 511 539 564 581 595

Primary deficit / surplus (–) ................................................. 191 99 51 31 9 3 –19 –52 –82 –75

On-budget deficit �� 477 440 427 433 428 442 433 403 372 370

Off-budget deficit / surplus (–) �� –3 9 24 39 62 72 87 108 127 151

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

103Table S–7. Proposed Budget in Population- and Inflation-Adjusted Dollars—Continued

(In billions of constant dollars, adjusted for population growth)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025


Defense �� 612 556 550 540 529 523 517 512 506 501Non-defense �� 543 548 541 533 521 515 487 482 478 474

Total, appropriated funding �� 1,155 1,105 1,091 1,073 1,050 1,037 1,003 994 984 974

Memorandum, index of population growth and inflation . 1�00 1�03 1�06 1�10 1�13 1�17 1�20 1�24 1�28 1�321 These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction� Such assistance might be provided in the form of


104S

UM

MA

RY

TA

BL

ES

Table S–8. Bridge from Balanced Budget and Emergency Deficit Control Act (BBEDCA) Baseline to Adjusted Baseline

(Deficit increases (+) or decreases (–) in billions of dollars)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020

2016-2025

BBEDCA baseline deficit ............................................................. 485 565 544 594 617 711 785 835 945 953 956 1,093 3,253 8,034

Adjustments for current policy:

Continue tax benefits provided under the American Taxpayer Relief Act 1 �� 1 22 24 24 24 24 24 24 47 166

Prevent reduction in Medicare physician payments �� 5 9 5 7 9 11 12 12 13 14 15 41 108

Reflect incremental cost of funding existing Pell maximum grant award �� 1 3 1 1 1 1 1 1 1 1 7 11

Reflect Postal Service default on retiree health benefit payments �� 6 6 –1 –1 –1 –1 –1 –1 –1 –1 –1 3 –1

Subtotal �� 11 15 7 9 32 35 36 37 37 38 38 99 285

Adjustments for provisions contained in the Budget Control Act:

Set discretionary budget authority at cap levels 2 �� 28 34 36 36 35 33 32 32 33 34 169 333

Reflect Joint Committee enforcement 3 �� –56 –89 –103 –106 –107 –108 –55 –38 –33 –3 –461 –698

Subtotal �� –28 –56 –67 –70 –72 –75 –22 –6 –* 31 –292 –365

Adjustments for emergency and disaster costs:

Remove non-recurring emergency costs �� –3 –6 –9 –12 –12 –13 –13 –14 –14 –14 –42 –110

Add placeholder for future emergency costs 4 �� 2 6 8 8 9 9 10 10 10 10 10 40 90

Reclassify surface transportation outlays:

Remove outlays from appropriated category �� –57 –58 –60 –60 –59 –59 –59 –59 –60 –62 –63 –64 –296 –604

Add outlays to mandatory category �� 57 58 60 60 59 59 59 59 60 62 63 64 296 604

Subtotal ��

Total program adjustments �� 13 –10 –47 –59 –41 –40 –42 11 28 33 64 –196 –101

Debt service on adjustments �� * * –* –2 –4 –6 –8 –9 –9 –8 –6 –13 –52

Total adjustments �� 13 –9 –47 –61 –45 –46 –50 2 19 26 58 –209 –154

Adjusted baseline deficit ............................................................. 485 578 535 547 556 666 739 785 947 973 981 1,151 3,044 7,880*$500 million or less�1 The baseline permanently continues the tax benefits provided to individuals and families that were extended only through taxable year 2017 under ATRA� 2 Includes adjustments for discretionary program integrity funding and associated mandatory benefit savings�3 Consists of mandatory sequestration for 2017-2024 and discretionary cap reductions for 2016-2021� 4 These amounts represent a placeholder for major disasters requiring Federal assistance for relief and reconstruction�

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

105Table S–9. Mandatory and Receipt Proposals

(Deficit increases (+) or decreases (–) in millions of dollars)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Mandatory Initiatives and Savings:

Agriculture:Reduce premium subsidies for harvest price

revenue protection and improve prevented planting coverage �� –1,129 –1,374 –1,560 –1,614 –1,650 –1,675 –1,709 –1,739 –1,773 –1,776 –7,327 -15,999

Reauthorize Secure Rural Schools �� 178 190 105 61 37 8 �� 401 401Enact Food Safety and Inspection Service

(FSIS) fee �� –4 –4 –4 –5 –5 –5 –5 –5 –5 –5 –22 -47Enact biobased labeling fee �� ---Enact Grain Inspection, Packers, and

Stockyards Administration (GIPSA) fee �� –30 –30 –30 –30 –30 –30 –30 –30 –30 –30 –150 -300Enact Animal Plant and Health Inspection

Service (APHIS) fee �� –20 –27 –27 –28 –29 –30 –31 –32 –33 –34 –131 -291Enact NRCS Conservation user fee �� ---Establish RHS Guaranteed Underwriting

System fee �� ---Increase funding for Supplemental Nutrition

Assistance Program (SNAP) Employment & Training 1 �� 13 25 25 25 25 25 25 25 25 88 213

Create State option to improve SNAP access for elderly �� 9 21 34 41 48 54 60 67 74 80 153 488

Outyear mandatory effects of discretionary changes to the Conservation Stewardship Program �� –54 –54 –54 –54 –54 –54 –54 –54 –54 –216 -486

Total, Agriculture �� 178 –984 –1,350 –1,555 –1,628 –1,687 –1,715 –1,744 –1,768 –1,796 –1,794 –7,204 -16,021

Commerce:Enact Scale-Up Manufacturing Initiative �� 163 365 365 365 �� 1,258 1,258Expand National Network of Manufacturing

Institutes �� 90 190 280 390 390 290 200 100 �� 950 1,930

Total, Commerce �� 253 555 645 755 390 290 200 100 �� 2,208 3,188

Education:Support Preschool for All �� 130 1,235 3,110 5,456 7,360 8,773 9,787 10,560 10,275 9,356 17,291 66,042Enact Teaching for Tomorrow �� 50 250 550 850 1,000 950 750 450 150 �� 2,700 5,000Partner with States to provide tuition-free

quality community college �� 41 951 2,401 3,477 4,822 6,408 7,653 9,443 11,914 13,175 11,692 60,285Extend Pell CPI Increase �� 226 1,104 2,055 3,044 4,095 5,208 6,389 7,624 3,385 29,745Reform student loan Income-Based Repayment

plans 2 �� –1,143 –678 –940 –1,331 –1,612 –1,683 –1,703 –1,727 –1,850 –1,910 –5,704 -14,577Reform and expand Perkins loan program �� –418 –1,138 –944 –830 –736 –652 –623 –602 –584 –560 –4,066 -7,087Enact student aid reforms �� –16 –57 –58 –83 –73 –50 –21 14 37 61 –287 -246Implement College Opportunity and

Graduation Bonus Program �� 123 360 481 671 684 692 702 709 719 727 2,319 5,868

Total, Education �� –1,233 923 4,826 9,314 13,500 17,482 20,640 24,055 27,050 28,473 27,330 145,030

106S

UM

MA

RY

TA

BL

ES

Table S–9. Mandatory and Receipt Proposals—Continued(Deficit increases (+) or decreases (–) in millions of dollars)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Energy:Enact nuclear waste management program �� 90 170 400 520 760 –1,394 764 260 1,310Reauthorize special assessment from domestic

nuclear utilities 3 �� –204 –208 –213 –218 –223 –228 –233 –238 –244 –249 –1,066 -2,258Establish Southwestern Power Administration

Purchase Power Drought Fund �� –15 –15 5 –15 –2 �� 24 –15 –42 -33

Total, Energy �� –219 –223 –208 –143 –55 172 287 522 –1,614 500 –848 -981

Health and Human Services:HHS health savings:

Medicare providers:Encourage delivery system reform:

Reform Medicare physician payments to promote participation in high-quality and efficient health care delivery systems �� 260 430 770 980 1,720 5,190 5,660 6,420 6,680 6,980 9,160 9,090 43,990

Make permanent the Medicare primary care incentive payment in a budget neutral manner �� ---

Encourage efficient care by improving incentives to provide care in the most appropriate ambulatory setting �� –430 –1,160 –2,050 –3,100 –3,730 –4,130 –4,520 –4,950 –5,430 –6,740 -29,500

Allow ACOs to pay beneficiaries for primary care visits up to the applicable Medicare cost sharing amount ��

Allow CMS to assign beneficiaries to Federally Qualified Health Centers and Rural Health Clinics participating in the Medicare Shared Savings Program �� –10 –10 –10 –10 –10 –10 –20 –20 –80

Expand basis for beneficiary assignment for Accountable Care Organizations to include Nurse Practitioners, Physician Assistants, and Clinical Nurse Specialists �� –10 –10 –10 –10 –10 –10 –10 –60

Establish quality bonus payments for high-performing Part D plans ��

Implement bundled payment for post-acute care �� –430 –1,020 –1,690 –1,890 –2,040 –2,190 –430 –9,260

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

107Table S–9. Mandatory and Receipt Proposals—Continued


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Implement value-based purchasing for skilled nursing facilities (SNFs), home health agencies (HHAs), ambulatory surgical centers (ASCs), hospital outpatient departments (HOPDs), and community mental health centers (CMHCs) ��

Establish a hospital-wide readmissions measure ��

Extend accountability for hospital-acquired conditions ��

Expand sharing Medicare data with qualified entities ��

Improve beneficiary access:Eliminate the 190-day lifetime limit

on inpatient psychiatric facility services �� 400 400 450 450 450 500 550 550 600 650 2,150 5,000

Expand coverage of dialysis services for beneficiaries with acute kidney injury �� –10 –20 –20 –20 –20 –20 –20 –20 –20 –30 –90 –200

Bad debts:Reduce Medicare coverage of bad

debts �� –370 –1,250 –2,440 –3,100 –3,370 –3,590 –3,840 –4,100 –4,360 –4,660 –10,530 –31,080Graduate medical education:

Better align graduate medical education payments with patient care costs �� –1,000 –1,270 –1,390 –1,470 –1,570 –1,680 –1,790 –1,910 –2,030 –2,150 –6,700 –16,260

Better align payments to rural providers with the cost of health care:Reduce Critical Access Hospital

(CAH) payments from 101% of reasonable costs to 100% of reasonable costs �� –110 –130 –150 –150 –170 –180 –190 –200 –220 –230 –710 –1,730

Prohibit CAH designation for facilities that are less than 10 miles from the nearest hospital �� –50 –60 –70 –70 –70 –80 –80 –90 –100 –100 –320 –770

Cut waste, fraud, and improper payments in Medicare:Reduce waste, fraud, and abuse in

Medicare �� 110 112 34 –102 –226 –298 –329 –348 –375 –399 –72 –1,821Drug rebates and additional Part D

savings:Align Medicare drug payment

policies with Medicaid policies for low-income enrollees �� –3,630 –8,680 –9,480 –11,000 –12,730 –14,100 –16,480 –19,200 –20,830 –32,790 –116,130

108S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Accelerate manufacturer discounts for brand drugs to provide relief to Medicare beneficiaries in the coverage gap �� –110 –430 –700 –1,250 –1,360 –1,470 –1,380 –1,250 –1,480 –2,490 –9,430

Suspend coverage and payment for questionable Part D prescriptions and incomplete clinical information ��

Establish authority for a program to prevent prescription drug abuse in Medicare Part D ��

Require mandatory reporting of other prescription drug coverage �� –10 –30 –40 –40 –50 –50 –60 –60 –70 –70 –170 –480

Allow the Secretary to negotiate prices for biologics and high cost prescription drugs ��

Encourage efficient post-acute care:Adjust payment updates for certain

post-acute care providers �� –1,600 –3,400 –4,970 –6,690 –8,510 –10,600 –13,270 –15,590 –17,390 –20,050 –25,170 –102,070Encourage appropriate use of

inpatient rehabilitation hospitals (IRFs) by requiring that 75 percent of IRF patients require intensive rehabilitation services �� –170 –200 –210 –210 –220 –230 –240 –240 –250 –260 –1,010 –2,230

Additional provider efficiencies:Exclude certain services from the in-

office ancillary services exception �� –350 –540 –590 –640 –680 –730 –780 –830 –880 –2,120 –6,020Modify the documentation

requirement for face-to-face encounters for durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) claims ��

Modify reimbursement of Part B drugs �� –320 –570 –620 –660 –710 –770 –830 –890 –970 –1,040 –2,880 –7,380

Improve payment accuracy for Medicare Advantage (MA):Increase the minimum MA coding

intensity adjustment �� –440 –1,060 –2,020 –3,260 –4,730 –5,470 –5,900 –6,360 –7,000 –6,780 –36,240Align employer group waiver plan

payments with average MA plan bids �� –530 –680 –740 –780 –810 –840 –870 –920 –990 –2,730 –7,160

Other Medicare:Clarify calculation of the late

enrollment penalty for Medicare Part B premiums ��

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Clarify the Medicare Fraction in the Medicare DSH statute ��

Strengthen the Independent Payment Advisory Board (IPAB) to reduce long-term drivers of Medicare cost growth �� –752 –1,059 –4,311 –5,693 –9,065 �� –20,880

Total, Medicare providers �� 260 –2,700 –11,138 –20,996 –25,932 –29,756 –37,170 –43,188 –52,369 –59,468 –67,074 –90,522 –349,791Medicare structural reforms:

Increase income-related premiums under Medicare Parts B and D �� –2,090 –5,790 –7,870 –9,450 –11,350 –13,600 –16,260 –7,880 –66,410

Modify the Part B deductible for new beneficiaries �� –50 –70 –280 –400 –860 –990 –1,090 –120 –3,740

Introduce a Part B premium surcharge for new beneficiaries who purchase near first-dollar Medigap coverage �� –90 –220 –370 –530 –710 –910 –1,140 –310 –3,970

Introduce home health co-payments for new beneficiaries �� –20 –50 –80 –110 –150 –190 –230 –70 –830

Encourage the use of generic drugs by low-income beneficiaries �� –550 –770 –850 –920 –990 –1,070 –1,150 –1,230 –1,330 -3,090 -8,860Total, Medicare structural reforms �� –550 –770 –3,100 –7,050 –9,590 –11,560 –14,220 –16,920 –20,050 -11,470 -83,810

Interactions �� 45 93 153 633 858 1,776 1,225 4,525 2,903 6,137 1,782 18,348Medicaid and other:

Medicaid:Limit Medicaid reimbursement of

durable medical equipment based on Medicare rates �� –305 –330 –355 –380 –410 –435 –465 –495 –530 –565 -1,780 -4,270

Rebase future Medicaid Disproportionate Share Hospital (DSH) allotments �� –3,290 --- -3,290

Reduce waste, fraud, and abuse in Medicaid �� –54 –85 –116 –116 –115 –111 –111 –111 –107 –112 -486 -1,038

Strengthen the Medicaid Drug Rebate program �� –247 –467 –482 –502 –522 –552 –592 –657 –722 –817 -2,220 -5,560

Exclude brand-name and authorized generic drug prices from Medicaid Federal upper limit (FUL) �� –30 –60 –80 –80 –80 –90 –90 –90 –90 –90 -330 -780

Increase access to and transparency of Medicaid drug pricing data �� 6 6 6 6 6 �� 30 30

Create demonstration to address over-prescription of psychotropic medications for children in foster care �� 114 206 219 226 233 91 –11 –11 –9 –6 998 1,052

Allow States to develop age-specific health home programs �� 200 100 90 90 90 80 90 90 90 90 570 1,010

110S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Improve and extend Money Follows the Person Rebalancing Demonstration through 2020 �� --- ---

Provide home and community-based services (HCBS) to children eligible for psychiatric residential treatment facilities �� 79 165 172 180 188 196 205 214 224 596 1,623

Allow full Medicaid benefits for individuals in a home and community-based services (HCBS) state plan option �� 1 2 4 4 4 4 4 5 5 5 15 38

Expand eligibility for the 1915(i) HCBS State plan option �� 26 54 85 119 156 163 171 180 189 198 440 1,341

Expand eligibility under the Community First Choice option �� 238 255 296 319 343 368 395 424 455 488 1,451 3,581

Pilot comprehensive long-term care State plan option �� 748 782 816 851 888 �� 2,346 4,085

Permanently extend Express Lane Eligibility (ELE) for children �� 30 65 105 160 105 115 130 145 150 165 465 1,170

Create State option to provide 12-month continuous Medicaid eligibility for adults 3 �� 299 238 723 410 378 455 519 574 537 580 2,048 4,713

Allow pregnant women choice of Medicaid eligibility category �� --- ---

Expand State flexibility to provide benchmark benefit packages �� --- ---

Require full coverage of preventive health and tobacco cessation services for adults in traditional Medicaid �� 95 92 87 81 76 71 67 64 61 60 431 754

Require coverage of EPSDT for children in inpatient psychiatric treatment facilities �� 30 35 35 40 40 45 45 50 50 55 180 425

Extend Qualified Individuals (QI) program through CY 2016 �� 370 775 200 �� 975 975

Extend Transitional Medical Assistance (TMA) program through CY 2016 �� 825 1,075 730 20 �� 1,825 1,825Total, Medicaid �� 1,195 2,253 1,120 1,550 1,331 1,300 1,243 1,236 373 293 –3,015 7,554 7,684

Medicare-Medicaid enrollees:Ensure retroactive Part D coverage

of newly-eligible low-income beneficiaries �� --- ---

Establish integrated appeals process for Medicare-Medicaid enrollees �� --- ---

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Create pilot to expand PACE eligibility to individuals between ages 21 and 55 �� --- ---

Allow for Federal/State coordinated review of Duals Special Need Plan marketing materials �� --- ---Total, Medicare-Medicaid enrollees �� --- ---

Pharmaceutical savings:Prohibit brand and generic drug

manufacturers from delaying the availability of new generic drugs and biologics �� –810 –870 –930 –1,010 –1,090 –1,170 –1,260 –1,350 –1,460 –1,560 -4,710 -11,510

Modify length of exclusivity to facilitate faster development of generic biologics �� 30 –90 –340 –540 –640 –690 –760 –760 –740 -940 -4,530Total, pharmaceutical savings �� –810 –840 –1,020 –1,350 –1,630 –1,810 –1,950 –2,110 –2,220 –2,300 -5,650 -16,040

Allow CMS to reinvest civil monetary penalties recovered from home health agencies �� 1 1 1 1 1 1 1 1 1 1 5 10

Allow CMS to assess a fee on Medicare providers for payments subject to the Federal Levy Program �� --- ---

Invest in CMS quality measurement �� 30 30 30 �� 90 90Reauthorize Special Diabetes Program �� 180 266 291 116 34 9 4 �� 887 900Extend Health Centers �� 1,350 2,538 2,619 1,323 162 81 27 �� 7,992 8,100

Total, Medicaid and other �� 1,195 3,004 3,115 3,471 1,421 –133 –476 –682 –1,736 –1,926 –5,314 10,878 744Medicare appeals:

Provide Office of Medicare Hearings and Appeals and Department Appeals Board authority to use RAC collections �� 127 127 127 127 127 127 127 127 127 127 635 1,270

Establish Medicare appeals refundable filing fee ��

Remand appeals to the redetermination level with the introduction of new evidence ��

Sample and consolidate similar claims for administrative efficiency ��

Increase minimum amount in controversy for administrative law judge (ALJ) adjudication of claims to equal amount required for judicial review ��

Establish magistrate adjudication for claims with amount in controversy below new ALJ amount in controversy threshold ��

112S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Expedite procedures for claims with no material fact in dispute �� Total, Medicare appeals �� 127 127 127 127 127 127 127 127 127 127 635 1,270

Health workforce investments:Create a competitive, value-based

graduate medical education program �� 40 165 280 398 465 487 515 538 565 587 1,348 4,040Extend the Medicaid primary care

payment increase through CY 2016 and include additional providers �� 3,660 5,010 1,280 �� 6,290 6,290

Invest in the National Health Service Corps �� 262 487 508 518 524 262 37 16 5 �� 2,299 2,619Total, health workforce investments �� 3,660 5,312 1,932 788 916 989 749 552 554 570 587 9,937 12,949

Provide CMS Program Management implementation funding �� 25 300 75 �� 400 400

Provide CMS Program Management implementation funding for Physician Payment Reform �� 60 180 210 90 30 30 �� 570 600Total, HHS health savings 4 �� 5,115 5,873 –5,941 –16,942 –25,845 –34,935 –44,554 –53,526 –63,119 –74,714 –85,587 –77,790 –399,290

Provide mandatory funding for tribal contract support costs:PAYGO effects �� 69 180 340 �� 589 589

Nonscoreable reclassification �� 731 745 760 775 790 806 822 839 856 3,011 7,124Total, provide mandatory funding for

tribal contract support costs �� 800 925 1,100 775 790 806 822 839 856 3,600 7,713

Annual reduction to discretionary spending limits (non-add) �� –731 –745 –760 –775 –790 –806 –822 –839 –856 –3,011 –7,124

Extend CHIP funding through 2019 3 �� 130 4,049 4,018 4,159 –625 150 �� 11,731 11,881Promote Family Based Care �� 78 43 19 1 –19 –29 –39 –41 –43 –38 122 –68Provide enhanced funding for Tribes to

implement Title IV-E programs �� 27 30 28 5 4 4 4 4 4 4 94 114Establish Title IV-E funding for prevention

and permanency services �� 30 41 41 51 57 58 56 61 84 108 220 587Expand eligibility through age 23 for Chafee

Foster Care Independence Program �� Modernize child support and create a Child

Support Research Fund �� 150 169 269 290 360 396 438 436 433 305 1,238 3,246Reauthorize Family Connection Grants �� 10 3 1 �� 14 14Repurpose Temporary Assistance for Needy

Families (TANF) Contingency Fund to support Pathways to Jobs initiative ��

Reauthorize the Personal Responsibility Education Program (PREP) �� 2 24 57 74 75 73 51 18 1 �� 232 375

Reauthorize Health Profession and Opportunity Grants �� 4 47 78 85 81 39 7 �� 295 341

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Support demonstration to address over-prescription of psychotropic drugs for children in foster care (funding in Administration for Children and Families) �� 1 20 55 71 52 28 16 6 1 1 199 251

Expand access to high-quality, affordable care for young children �� 2,969 3,889 4,632 5,599 6,639 7,709 9,205 10,787 12,476 14,422 23,728 78,327

Establish LIHEAP Contingency Fund �� 825 1,049 919 800 726 694 697 713 729 745 4,319 7,897Fund Upward Mobility Project �� 300 300 300 300 300 �� 1,500 1,500Provide researcher access to National

Directory of New Hires (NDNH) �� Extend and expand the Maternal, Infant, and

Early Childhood Home Visiting Program �� 20 105 395 555 895 1,055 1,395 1,555 1,895 2,055 1,970 9,925

Total, Health and Human Services �� 5,115 10,409 4,635 –5,203 –12,754 –25,615 –33,587 –40,890 –48,758 –58,295 –67,129 –28,528 –277,187

Homeland Security:Reform the aviation passenger security user

fee to more accurately reflect the costs of aviation security �� –195 –200 –350 –600 –625 –650 –675 –680 –690 –700 –1,970 –5,365

Increase customs user fees �� Increase immigration inspection user fees �� Increase Express Consignment Courier fees ��

Total, Homeland Security �� –195 –200 –350 –600 –625 –650 –675 –680 –690 –700 –1,970 –5,365

Housing and Urban Development:Provide funding for grants to reduce local

barriers to housing development �� 6 30 45 81 81 51 6 �� 243 300

Interior:Provide a fair return to taxpayers for the use of

public resources:Enact Federal oil and gas management

reforms �� –50 –120 –125 –150 –170 –185 –200 –215 –225 –240 –615 –1,680

Reform hardrock mining on public lands �� –2 –4 –5 –5 –6 –6 –11 –17 –24 –16 –80

Repeal geothermal payments to counties �� –4 –4 –4 –5 –5 –5 –5 –5 –5 –5 –22 –47

Enact offshore revenue reform �� –367 –375 –376 –378 –380 –385 –393 –415 –1,118 –3,069Total, provide a fair return to taxpayers

for the use of public resources �� –54 –126 –500 –535 –556 –574 –591 –616 –640 –684 –1,771 –4,876Ensure industry is held responsible for legacy

pollution and risks to safety:Establish an abandoned mine lands (AML)

hardrock reclamation fund 3 �� –200 –150 –100 –50 �� –500 –500

Increase coal AML fee to pre–2006 levels 3 �� –49 –36 –27 –17 –9 –1 51 37 27 16 –138 –8

Terminate AML payments to certified States �� –34 –26 –35 –36 –30 –27 –25 –10 –1 �� –161 –224

Fund AML reclamation and economic revitalization �� 55 95 140 170 200 145 105 60 30 �� 660 1,000

114S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Total, ensure industry is held responsible for legacy pollution and risks to safety �� –28 –167 –72 17 111 117 131 87 56 16 –139 268

Conserve natural resources for future generations and provide recreation access to the public:Establish dedicated funding for Land

and Water Conservation Fund (LWCF) programs �� 156 522 1,000 969 914 900 900 900 900 900 3,561 8,061

Reauthorize the Federal Land Transaction Facilitation Act of 2000 (FLTFA) �� –5 –6 –10 –12 –3 �� –36 –36

Permanently reauthorize the Federal Lands Recreation Enhancement Act (FLREA) ��

Provide funding for a National Park Service Centennial Initiative �� 95 360 500 405 140 �� 1,500 1,500Total, conserve natural resources for

future generations and provide recreation access to the public �� 246 876 1,490 1,362 1,051 900 900 900 900 900 5,025 9,525

Maintain commitments to communities and insular territories:Provide mandatory funding for tribal

contract support costs:PAYGO effects �� 19 32 43 11 �� 105 105Nonscoreable reclassification �� 212 285 292 297 304 309 316 322 329 1,086 2,666

Total, provide mandatory funding for tribal contract support costs �� 231 317 335 308 304 309 316 322 329 1,191 2,771


Extend the Palau Compact of Free Association �� 41 29 20 18 17 16 10 7 5 �� 125 163

Extend funding for Payments in Lieu of Taxes (PILT) �� 452 �� 452 452

Improve coal miner retiree health and pension benefits �� 363 375 380 385 389 389 404 408 411 411 1,892 3,915Total, maintain commitments to

communities and insular territories �� 856 635 717 738 714 709 723 731 738 740 3,660 7,301

Total, Interior �� 1,020 1,218 1,635 1,582 1,320 1,152 1,163 1,102 1,054 972 6,775 12,218

Labor:Unemployment Insurance reform: 5

Strengthen Unemployment Insurance (UI) system solvency 3, 6 �� –3,634 –3,618 –3,457 –3,601 –3,901 –6,485 –6,313 –6,648 –7,100 –14,310 –44,757

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Improve UI Extended Benefits 3, 6 �� 2,776 2,519 3,197 4,490 5,612 6,465 5,808 5,906 6,387 6,049 18,594 49,209

Modernize UI 3, 6 �� 2,520 1,740 520 450 110 –40 �� 5,340 5,300Reform the Federal Employees’ Compensation

Act �� –19 –9 –14 –21 –29 –34 –41 –49 –56 –64 –92 –336Improve Pension Benefit Guaranty

Corporation (PBGC) solvency �� 179 179 –1,194 –1,460 –1,823 –2,139 –2,589 –3,025 –3,402 –3,731 –4,119 –19,005Extend the Trade Adjustment Assistance

program �� 105 209 274 345 397 459 533 569 592 600 1,330 4,083Implement cap adjustments for UI program

integrity 3, 6 �� –34 –96 –110 –121 –131 –138 –147 –160 –173 –181 –492 –1,291Outlays from discretionary cap adjustment

(non-add) �� 30 35 40 45 50 55 60 65 70 75 200 525Improve UI program integrity (mandatory

SIDES) 3, 6 �� –5 –10 –15 –15 –16 –16 –13 –14 –14 –13 –61 –131Create Connecting for Opportunity program �� 1,125 1,125 375 375 �� 3,000 3,000Allow use of prisoner database for UI program

integrity 3, 6 �� –3 –7 –8 –7 –7 –8 –7 –7 –7 –7 –32 –68Expand Foreign Labor Certification fees �� Create an Apprenticeship Training Fund �� 500 500 500 500 �� 2,000 2,000Provide High-Growth Sector Training and

Credentialing Grants �� 1,920 2,160 1,568 1,520 1,472 1,472 1,472 1,472 1,472 1,472 8,640 16,000Establish Paid Leave Partnership Initiative �� 221 664 664 664 �� 2,213 2,213

Total, Labor �� 9,285 5,340 2,139 3,263 1,984 2,120 –1,469 –1,621 –1,849 –2,975 22,011 16,217

Transportation:Invest in surface transportation

reauthorization �� 3,056 9,622 14,565 16,516 17,707 18,837 15,640 9,528 6,003 4,115 61,466 115,589Transfer to achieve trust fund solvency (non-

add) �� 18,490 18,394 18,584 18,692 18,831 18,910 �� 92,991 111,901

Treasury:Establish a Pay for Success Incentive Fund �� 29 21 10 24 40 56 46 42 24 8 124 300Authorize Treasury to locate and recover assets

of the United States and to retain a portion of amounts collected to pay for the costs of recovery �� –3 –3 –3 –3 –3 –3 –3 –3 –3 –3 –15 –30

Increase delinquent Federal non-tax debt collections by authorizing administrative bank garnishment for non-tax debts �� –32 –32 –32 –32 –32 –32 –32 –32 –32 –32 –160 –320

Increase levy authority for payments to Medicare providers with delinquent tax debt 3 �� –34 –50 –50 –51 –52 –54 –54 –56 –56 –57 –237 –514

Allow offset of Federal income tax refunds to collect delinquent State income taxes for out-of-state residents ��

Reduce costs for States collecting delinquent income tax obligations ��

116S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Provide authority to contact delinquent debtors via their cell phones �� –12 –12 –12 –12 –12 –12 –12 –12 –12 –12 –60 –120

Reauthorize the State Small Business Credit Initiative �� 216 735 525 6 6 6 6 �� 1,488 1,500

Implement tax enforcement program integrity cap adjustment 3 �� –432 –1,451 –2,926 –4,476 –6,095 –7,481 –8,475 –9,077 –9,503 –9,819 –15,380 –59,735

Outlays from discretionary cap adjustment (non-add) �� 667 1,039 1,403 1,781 2,170 2,232 2,276 2,329 2,382 2,437 7,060 18,716

Total, Treasury �� –268 –792 –2,488 –4,544 –6,148 –7,520 –8,524 –9,138 –9,582 –9,915 –14,240 –58,919

Veterans Affairs:Extend round-down of cost of living

adjustments (compensation) �� –36 –74 –121 –159 –192 –204 –214 –225 –234 –244 –582 –1,703Extend round-down of cost of living

adjustments (education) �� –1 –1 –1 –1 –1 –1 –1 –1 –2 –4 –10Provide burial receptacles for certain new

casketed gravesites �� 4 1 7 2 1 4 4 5 �� 2 15 30Improve housing grant program �� 3 3 3 3 3 1 1 1 1 1 15 20Increase cap on vocational rehabilitation

contract counseling �� 1 1 1 1 1 1 1 1 1 1 5 10Extend supplemental service disabled veterans

insurance coverage �� 1 �� 1 1 1 1 4Clarify evidentiary threshold at which VA is

required to provide medical examination �� –38 –39 –41 –42 –43 –44 –46 –47 –48 –50 –203 –438Cap Post–9/11 GI Bill benefits for flight

training �� –26 –27 –28 –30 –31 –33 –35 –36 –39 –41 –142 –326Expand eligibility for Montgomery GI Bill

refund �� 4 4 4 5 5 4 4 4 4 5 22 43Extend authorization of work-study activities �� 1 1 1 1 1 1 1 1 2 2 5 12Pro-rate GI Bill benefit usage for certification

tests �� 1 1 1 1 1 �� 5Modernize the definition of Automobile

Adaptive Equipment (AAE) �� –2 –2 –2 –2 –2 –2 –1 –1 –1 –1 –10 –16Eliminate reductions of special monthly

compensation for hospitalized veterans �� 1 1 1 �� 1 1 1 1 3 7Restore the eligibility of certain veterans for

special aid and attendance allowance �� 2 2 2 2 2 3 3 3 3 3 10 25Reissue VA benefit payments to all victims of

fiduciary misuse �� 2 2 2 2 2 2 2 2 2 2 10 20

Total, Veterans Affairs �� –85 –129 –172 –217 –252 –267 –279 –290 –307 –319 –855 –2,317

Corps of Engineers:Reform inland waterways funding 3 �� –113 –113 –113 –113 –113 –113 –113 –113 –113 –113 –565 –1,130

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Environmental Protection Agency:Eliminate statutory cap on pre-manufacture

notice fee �� –4 –8 –8 –8 –8 –8 –8 –8 –8 –8 –36 –76Enact confidential business information

management fee �� –2 –2 �� –4 –4Create Clean Power State Incentive Fund �� 1,670 1,000 190 190 190 190 190 190 190 3,050 4,000

Total, Environmental Protection Agency �� –4 1,660 990 182 182 182 182 182 182 182 3,010 3,920

Executive Office of the President:Promote Spectrum Relocation Fund flexibility 7 �� 50 –45 –75 –100 –160 –190 –230 –200 –50 �� –330 –1,000

International Assistance Programs:Mandatory effects of discretionary proposal

to implement 2010 International Monetary Fund (IMF) agreement (non-scoreable) �� –224 �� –224 –224

Other Defense–Civil Programs:Increase TRICARE pharmacy copayments �� –71 –89 –115 –344 –424 –483 –576 –676 –786 –832 –1,043 –4,396Increase annual premiums for TRICARE-For-

Life (TFL) enrollment �� –3 –15 –43 –83 –111 –141 –173 –206 –240 –276 –255 –1,291Increase TRICARE pharmacy copayments

(accrual effects) �� 315 328 343 361 382 403 426 451 476 505 1,729 3,990Increase annual premiums for TFL enrollment

(accrual effects) �� 83 85 87 89 92 97 103 109 115 123 436 983

Total, Other Defense–Civil Programs �� 324 309 272 23 –61 –124 –220 –322 –435 –480 867 –714

Office of Personnel Management (OPM):Streamline Federal Employee Health Benefit

Plan (FEHBP) pharmacy benefit contracting �� –59 –124 –143 –153 –164 –176 –187 –200 –213 –479 –1,419Provide FEHBP benefits to domestic partners �� –7 6 18 29 40 54 69 85 103 46 397Expand FEHBP plan types �� –1 –3 –4 –7 –9 –10 –14 –19 –21 –15 –88Adjust FEHBP premiums for wellness �� 3 –12 –40 –78 –124 –177 –252 –344 –456 –127 –1,480

Total, Office of Personnel Management �� –64 –133 –169 –209 –257 –309 –384 –478 –587 –575 –2,590

Social Security Administration (SSA):Provide dedicated, mandatory funding for

program integrity:Administrative costs �� 1,805 1,728 1,676 1,582 1,575 1,631 1,688 1,747 1,808 6,791 15,240

Benefit savings �� –238 –2,003 –3,163 –3,902 –4,532 –5,394 –5,714 –5,950 –6,796 –9,306 –37,692Total, provide dedicated, mandatory

funding for program integrity �� 1,567 –275 –1,487 –2,320 –2,957 –3,763 –4,026 –4,203 –4,988 –2,515 –22,452


Allow SSA to use commercial databases to verify wages in SSI �� –71 –36 –24 –21 –19 –17 –18 –107 –206

118S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Expand authority to require authorization to verify financial information for overpayment waiver requests 8 �� –5 –16 –17 –18 –19 –20 –20 –21 –22 –22 –75 –180

Hold fraud facilitators liable for overpayments 8 �� –1 –1 –1 –1 –1 –1 –1 –1 –3 –8Allow Government-wide use of CBP entry/exit

data to prevent improper payments �� –2 –7 –14 –22 –33 –40 –43 –52 –23 –213Clarify penalties and prohibitions for

misleading Internet advertising �� Allow Social Security benefits for same sex

married couples �� 1 5 8 9 11 13 13 14 14 14 14 46 115Lower electronic wage reporting threshold to

five employees �� Move from annual to quarterly wage reporting �� 20 30 90 –131 –138 –168 –224 –257 –260 –301 –129 –1,339Improve collection of pension information from

States and localities �� 18 28 24 –351 –776 –1,047 –1,142 –1,085 –1,075 –1,054 –1,057 –6,460Establish workers compensation information

reporting �� 5 5 �� 10 10Extend SSI time limits for qualified refugees �� 45 50 �� 95 95Conform treatment of State and local

government earned income tax credit (EITC) and child tax credit (CTC) for SSI 9 ��

Terminate step-child benefits in the same month as step-parent 10 ��

Allow SSA to electronically certify certain RRB payments ��

Use the Death Master File to prevent Federal improper payments ��

Offset DI benefits for period of concurrent UI receipt 3, 6 �� –35 –172 –253 –252 –253 –260 –264 –261 –269 –712 –2,019

Eliminate aggressive SSA claiming strategies �� Reauthorize and expand demonstration

authority for DI and SSI �� 70 105 115 60 �� 350 350Reallocate payroll taxes to address DI trust

fund reserve depletion ��

Total, Social Security Administration �� 1 88 1,707 –239 –2,193 –3,483 –4,479 –5,450 –5,699 –5,868 –6,691 –4,120 –32,307

Other Independent Agencies:Federal Communications Commission:

Enact Spectrum License User Fee and allow the FCC to auction predominantly domestic satellite services �� –225 –325 –425 –550 –550 –550 –550 –550 –550 –550 –2,075 –4,825

Postal Service:Enact Postal Service financial relief and

reform:PAYGO effect �� 769 –1,234 –2,182 –2,353 –4,226 –4,399 –4,472 –4,495 –4,419 –4,344 –4,318 –14,394 –36,442

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Non-scoreable effect �� 964 3,823 3,403 4,226 4,399 4,472 4,495 4,419 4,344 4,318 16,815 38,863Total, enact Postal Service financial

relief and reform �� 769 –270 1,641 1,050 �� 2,421 2,421Railroad Retirement Board (RRB):

Amend Railroad Retirement Act and the Railroad Unemployment Insurance Act to include a felony charge for fraud ��

Promote RRB program integrity �� 3 2 2 2 2 2 2 2 2 2 11 21Total, Railroad Retirement Board �� 3 2 2 2 2 2 2 2 2 2 11 21

National Infrastructure Bank:Create infrastructure bank �� 33 153 373 595 831 1,058 1,158 1,233 1,207 1,062 1,985 7,703

Civilian Property Realignment Board:Dispose of unneeded real property �� –87 –63 –136 –495 –65 –50 –60 –60 –40 –40 –846 –1,096

Total, Other Independent Agencies �� 769 –546 1,408 864 –448 218 460 550 625 619 474 1,496 4,224

Multi-Agency:Enact immigration reform 3 �� 6,000 –1,000 –10,000 –15,000 –17,000 –18,000 –20,000 –23,000 –29,000 –31,000 –37,000 –158,000Establish a consolidated TRICARE program

(mandatory effects in Coast Guard, Public Health Service, and National Oceanic and Atmospheric Administration) �� 1 –7 –14 –14 –15 –17 –17 –19 –20 –21 –49 –143

Auction or assign via fee 1675–1680 megahertz �� –80 –150 �� –230 –230Reconcile OPM/SSA retroactive disability

payments �� 6 �� –48 –48 –48 –48 –48 –48 –48 –48 –144 –384Index the $750 benefit protection threshold for

inflation �� 1,890 9 14 21 27 33 40 46 53 60 1,961 2,193Establish hold harmless for Federal poverty

guidelines �� Adjust payment timing �� –37,600 �� 37,600 �� –48,900 �� 48,900 �� Mandatory effects of proposal to authorize

additional Afghan SIVs �� 21 20 18 19 18 17 15 16 16 78 160

Total, Multi-Agency �� 6 –29,709 –1,057 27,422 –15,023 –17,017 –18,014 –68,908 –23,006 19,901 –30,993 –35,384 –156,404

Total, mandatory initiatives and savings ........ 6,069 –9,342 23,132 42,777 –6,326 –19,678 –26,070 –90,053 –55,765 –26,168 –86,980 30,563 –254,473

Tax proposals:

Middle-class and pro-work tax reforms:Reform child care tax incentives 11 �� 4,024 4,191 4,429 4,639 4,841 5,052 5,292 5,532 5,615 6,257 22,124 49,872Simplify and better target tax benefits for

education 11 �� 5 1,861 4,753 4,660 5,027 5,242 5,730 5,878 6,337 6,205 16,306 45,698

120S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Provide for automatic enrollment in IRAs, including a small employer tax credit, increase the tax credit for small employer plan start-up costs, and provide an additional tax credit for small employer plans newly offering auto-enrollment 11 �� 993 1,589 1,700 1,754 1,831 2,005 2,176 2,410 2,661 6,036 17,119

Expand penalty-free withdrawals for long-term unemployed �� 162 235 240 245 250 255 260 265 270 276 1,132 2,458

Require retirement plans to allow long-term part-time workers to participate �� 39 55 54 53 52 50 47 44 40 34 253 468

Facilitate annuity portability �� Simplify minimum required distribution rules �� 5 5 3 –4 –14 –30 –51 –74 –105 –142 –5 –407Allow all inherited plan and IRA balances to

be rolled over within 60 days �� Expand EITC for workers without qualifying

children 11 �� 460 6,256 6,297 6,350 6,481 6,612 6,716 6,804 6,921 7,047 25,844 59,944Simplify the rules for claiming the EITC for

workers without qualifying children 11 �� 44 593 599 588 605 620 631 642 653 678 2,429 5,653Provide a second-earner tax credit 11 �� 2,067 9,007 9,104 9,383 9,502 9,727 9,872 9,936 10,127 10,306 39,063 89,031Extend exclusion from income for cancellation

of certain home mortgage debt �� 2,542 3,265 2,978 724 �� 6,967 6,967

Total, middle-class and pro-work tax reforms �� 2,542 10,071 26,174 27,792 27,614 28,498 29,359 30,502 31,203 32,268 33,322 120,149 276,803

Reforms to capital gains taxation, upper-income tax benefits, and the taxation of financial institutions:

Reduce the value of certain tax expenditures �� –28,028 –46,032 –50,592 –54,995 –59,478 –63,843 –68,379 –72,914 –77,231 –81,734 –239,125 –603,226Reform the taxation of capital income �� –3,634 –9,048 –20,705 –18,041 –21,448 –21,892 –21,538 –22,276 –23,178 –24,292 –25,466 –91,134 –207,884Implement the Buffett Rule by imposing a new

“Fair Share Tax” �� –6,671 93 –1,178 –2,810 –3,695 –3,872 –4,008 –4,177 –4,351 –4,507 –14,261 –35,176Impose a financial fee �� –5,644 –11,084 –10,978 –11,208 –11,470 –11,734 –12,003 –12,280 –12,562 –12,851 –50,384 –111,814

Total, reforms to capital gains taxation, upper-income tax benefits, and the taxation of financial institutions �� –3,634 –49,391 –77,728 –80,789 –90,461 –96,535–100,987–106,666–112,549–118,436–124,558 –394,904 –958,100

Loophole closers:Require current inclusion in income of accrued

market discount and limit the accrual amount for distressed debt �� –4 –12 –20 –27 –34 –41 –49 –58 –68 –78 –97 –391

Require that the cost basis of stock that is a covered security must be determined using an average cost basis method �� –69 –209 –353 –507 –597 –620 –645 –673 –702 –1,138 –4,375

Tax carried (profits) interests as ordinary income �� –1,294 –2,417 –2,421 –2,316 –2,204 –2,094 –1,692 –1,271 –1,036 –953 –10,652 –17,698

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Require non-spouse beneficiaries of deceased IRA owners and retirement plan participants to take inherited distributions over no more than five years �� –87 –237 –400 –567 –737 –786 –748 –694 –640 –583 –2,028 –5,479

Limit the total accrual of tax-favored retirement benefits �� –1,418 –1,987 –2,213 –2,287 –2,438 –2,634 –2,785 –3,183 –3,396 –3,702 –10,343 –26,043

Conform SECA taxes for professional service businesses �� –4,465 –6,268 –6,622 –6,977 –7,372 –7,837 –8,371 –8,837 –9,248 –8,554 –31,704 –74,551

Limit Roth conversions to pre-tax dollars �� –14 –23 –24 –38 –49 –50 –51 –67 –79 –99 –395Eliminate deduction for dividends on stock of

publicly-traded corporations held in ESOPs �� –589 –830 –851 –865 –879 –892 –907 –922 –936 –951 –4,014 –8,622Repeal exclusion of net unrealized appreciation

in employer securities �� –145 –245 –249 –254 –260 –265 –270 –275 –281 –287 –1,153 –2,531Disallow the deduction for charitable

contributions that are a prerequisite for purchasing tickets to college sporting events �� –126 –201 –218 –233 –249 –266 –283 –302 –323 –345 –1,027 –2,546

Total, loophole closers �� –8,128 –12,280 –13,226 –13,903 –14,718 –15,461 –15,775 –16,238 –16,668 –16,234 –62,255 –142,631

Incentives for job creation, clean energy, and manufacturing:

Designate Promise Zones 11 �� 604 1,130 1,010 938 890 852 813 791 792 807 4,572 8,627Provide a tax credit for the production of

advanced technology vehicles �� 581 475 512 567 507 418 299 –6 –197 –209 2,642 2,947Provide a tax credit for medium- and heavy-

duty alternative-fuel commercial vehicles �� 46 76 77 80 61 26 5 �� 340 371Modify and extend the tax credit for the

construction of energy-efficient new homes �� 60 132 164 195 227 252 270 286 302 329 341 970 2,498Reduce excise taxes on LNG to bring into

parity with diesel 12 �� 4 5 6 6 6 7 7 9 9 10 27 69Enhance and modify the conservation

easement deduction �� 57 144 76 –22 –54 –59 –61 –67 –71 –76 –82 85 –272

Total, incentives for job creation, clean energy, and manufacturing �� 117 1,511 1,926 1,778 1,764 1,657 1,512 1,343 1,025 857 867 8,636 14,240

Modify estate and gift tax provisions:Restore the estate, gift, and generation-

skipping transfer (GST) tax parameters in effect in 2009 �� –14,611 –15,938 –17,310 –18,723 –20,444 –22,230 –24,261 –26,612 –29,182 –66,582 –189,311

Require consistency in value for transfer and income tax purposes �� –267 –279 –303 –337 –356 –383 –407 –438 –467 –1,186 –3,237

Modify transfer tax rules for grantor retained annuity trusts (GRATs) and other grantor trusts �� –1,054 –1,198 –1,359 –1,574 –1,892 –2,294 –2,637 –3,073 –3,273 –5,185 –18,354

Limit duration of GST tax exemption �� Extend the lien on estate tax deferrals where

estate consists largely of interest in closely held business �� –23 –23 –24 –25 –27 –29 –31 –32 –34 –95 –248

122S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Modify GST tax treatment of Health and Education Exclusion Trusts �� 32 31 29 28 25 24 22 21 19 120 231

Simplify gift tax exclusion for annual gifts �� –78 –155 –217 –320 –389 –428 –517 –618 –724 –770 –3,446Expand applicability of definition of executor ��

Total, modify estate and gift tax provisions �� –16,001 –17,562 –19,184 –20,951 –23,083 –25,340 –27,831 –30,752 –33,661 –73,698 –214,365

Other revenue raisers:Increase and modify Oil Spill Liability Trust

Fund financing 12 �� –105 –150 –155 –160 –165 –168 –176 –177 –181 –191 –735 –1,628Reinstate Superfund taxes 12 �� –1,585 –2,048 –2,080 –2,110 –2,126 –2,160 –2,205 –2,259 –2,307 –2,363 –9,949 –21,243Increase tobacco taxes and index for inflation 12 �� –8,434 –10,826 –10,663 –10,633 –10,301 –9,860 –9,403 –8,850 –8,342 –7,830 –50,857 –95,142Make unemployment insurance surtax

permanent 6 �� –1,108 –1,527 –1,552 –1,575 –1,596 –1,620 –1,643 –1,669 –1,695 –1,701 –7,358 –15,686

Total, other revenue raisers �� –11,232 –14,551 –14,450 –14,478 –14,188 –13,808 –13,427 –12,955 –12,525 –12,085 –68,899 –133,699

Reduce the tax gap and make reforms:Expand information reporting:

Improve information reporting for certain businesses and contractors �� –16 –39 –65 –89 –93 –97 –101 –106 –110 –115 –302 –831

Provide an exception to the limitation on disclosing tax return information to expand TIN matching beyond forms where payments are subject to backup withholding ��

Provide for reciprocal reporting of information in connection with the implementation of FATCA ��

Improve mortgage interest deduction reporting �� –104 –160 –171 –182 –192 –203 –213 –222 –231 –240 –809 –1,918

Require Form W–2 reporting for employer contributions to defined contribution plans ��

Improve compliance by businesses:

Increase certainty with respect to worker classification �� –85 –420 –818 –978 –1,063 –1,155 –1,250 –1,356 –1,465 –1,580 –3,364 –10,170

Increase information sharing to administer excise taxes 12 �� –4 –9 –13 –14 –16 –17 –18 –18 –19 –19 –56 –147

Provide authority to readily share information about beneficial ownership information of U�S� companies with law enforcement �� –1 –2 –9 –6 –4 –3 –3 –3 –3 –18 –34

Strengthen tax administration:

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Impose liability on shareholders to collect unpaid income taxes of applicable corporations �� –442 –463 –484 –505 –528 –550 –574 –600 –626 –652 –2,422 –5,424

Streamline audit and adjustment procedures for large partnerships �� –190 –252 –249 –242 –236 –238 –243 –248 –253 –256 –1,169 –2,407

Revise offer-in-compromise application rules �� –1 –1 –2 –2 –2 –2 –2 –2 –2 –2 –8 –18

Expand IRS access to information in the National Directory of New Hires for tax administration purposes ��

Make repeated willful failure to file a tax return a felony �� –1 –1 –1 –1 –2 –2 –2 –2 –10

Facilitate tax compliance with local jurisdictions �� –1 –1 –1 –2 –2 –2 –2 –2 –2 –2 –7 –17

Extend statute of limitations for assessment for overstated basis and State adjustments �� –77 –90 –103 –118 –135 –155 –178 –167 –856

Improve investigative disclosure statute �� –1 –1 –1 –1 –2 –2 –2 –2 –10

Allow the IRS to absorb credit and debit card processing fees for certain tax payments �� –2 –2 –2 –2 –2 –2 –2 –2 –2 –2 –10 –20

Provide the IRS with greater flexibility to address correctable errors 11 �� –30 –62 –64 –65 –65 –67 –68 –71 –72 –75 –286 –639

Enhance electronic filing of returns �� –1 –1 –1 –1 –2 –2 –2 –2 –10

Improve the whistleblower program ��

Index all civil tax penalties for inflation ��

Extend IRS authority to require truncated Social Security Numbers on Form W–2 ��

Combat tax-related identity theft ��

Allow States to send notices of intent to offset Federal tax refunds to collect State tax obligations by regular first-class mail instead of certified mail ��

Rationalize tax return filing due dates so they are staggered 11 �� 180 –173 –181 –190 –196 –199 –207 –215 –221 –228 –560 –1,630

Increase oversight and due diligence of tax return preparers:Extend paid preparer EITC due diligence

requirements to the child tax credit ��

Explicitly provide that the Department of the Treasury and IRS have authority to regulate all paid return preparers 11 �� –14 –32 –34 –38 –41 –45 –49 –53 –58 –63 –159 –427

124S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Increase the penalty applicable to paid tax preparers who engage in willful or reckless conduct �� –1 –1 –1 –1 –1 –1 –1 –1 –3 –8

Enhance administrability of the appraiser penalty ��

Total, reduce the tax gap and make reforms �� –709 –1,615 –2,087 –2,399 –2,536 –2,688 –2,854 –3,040 –3,226 –3,422 –9,346 –24,576

Simplify the tax system:Modify adoption credit to allow tribal

determination of special needs �� 1 1 1 1 1 �� 5Repeal non-qualified preferred stock designation �� –26 –44 –43 –41 –38 –35 –30 –26 –23 –20 –192 –326Repeal preferential dividend rule for publicly

traded and publicly offered REITs �� Reform excise tax based on investment income

of private foundations �� 6 5 5 6 6 6 6 6 7 22 53Remove bonding requirements for certain

taxpayers subject to Federal excise taxes on distilled spirits, wine, and beer ��

Simplify arbitrage investment restrictions �� 2 10 18 28 38 46 58 68 76 58 344Simplify single-family housing mortgage bond

targeting requirements �� 1 3 5 7 10 12 17 20 22 16 97Streamline private business limits on

governmental bonds �� 1 3 5 7 9 11 13 15 17 16 81Repeal technical terminations of partnerships �� –10 –16 –18 –20 –22 –24 –26 –28 –29 –31 –86 –224Repeal anti-churning rules of section 197 �� 24 99 198 281 338 370 378 378 378 378 940 2,822Repeal special estimated tax payment

provision for certain insurance companies �� Repeal the telephone excise tax 12 �� 296 349 308 266 225 208 161 128 80 31 1,444 2,052Increase the standard mileage rate for

automobile use by volunteers �� 15 47 48 49 50 51 52 53 55 56 209 476Consolidate contribution limitations for charitable

deductions and extend the carryforward period for excess charitable contribution deduction amounts �� 88 49 5 6 6 6 482 1,168 1,801 2,379 154 5,990

Exclude from gross income subsidies from public utilities for purchase of water runoff management ��

Provide relief for certain accidental dual citizens �� 60 103 55 23 24 25 26 28 29 30 265 403

Total, simplify the tax system �� 447 597 574 597 631 665 1,119 1,796 2,401 2,946 2,846 11,773

Trade initiatives:Extend Generalized System of Preferences

(GSP) 12 �� 381 164 �� 545 545Extend African Growth and Opportunity Act

(AGOA) 12 �� 88 120 133 147 162 178 195 215 235 256 650 1,729

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Total, trade initiatives �� 469 284 133 147 162 178 195 215 235 256 1,195 2,274

Other initiatives:Allow offset of Federal income tax refunds to

collect delinquent State income taxes for out-of-state residents ��

Authorize the limited sharing of business tax return information to improve the accuracy of important measures of the economy ��

Eliminate certain reviews conducted by the U�S� Treasury Inspector General for Tax Administration ��

Modify indexing to prevent deflationary adjustments ��

Extend reserve depletion date for Social Security’s Disability Insurance program ��

Impose a 14-percent one-time tax on previously untaxed foreign income �� –34,559 –56,407 –54,420 –52,434 –50,448 –19,861 �� –248,268 –268,129

Total, other initiatives �� –34,559 –56,407 –54,420 –52,434 –50,448 –19,861 �� –248,268 –268,129

Total, tax proposals .................................................... –975 –91,521 –149,601 –152,257 –162,737 –168,428 –144,174 –130,903 –138,374 –145,846 –152,569 –724,544 –1,436,410

Grand total ................................................................... 5,094 –100,863 –126,469 –109,480 –169,063 –188,106 –170,244 –220,956 –194,139 –172,014 –239,549 –693,981 –1,690,883

Addendum, Reserve for long-run revenue-neutral business tax reform:

Reform the U.S. international tax system:Restrict deductions for excessive interest of

members of financial reporting groups �� –2,566 –4,533 –4,987 –5,485 –6,034 –6,637 –7,301 –8,031 –8,834 –9,718 –23,605 –64,126Provide tax incentives for locating jobs and

business activity in the United States and remove tax deductions for shipping jobs overseas �� 13 22 23 24 25 25 27 28 29 31 107 247

Repeal delay in the implementation of worldwide interest allocation �� 1,352 2,308 2,400 2,496 2,596 1,055 �� 11,152 12,207

Extend the exception under subpart F for active financing income �� 4,081 7,006 7,356 7,724 8,110 8,516 8,942 9,389 9,858 10,351 34,277 81,333

Extend the look-through treatment of payments between related CFCs �� 488 838 880 924 971 1,019 1,070 1,124 1,180 1,239 4,101 9,733

Impose a 19-percent minimum tax on foreign income �� –11,881 –19,710 –19,873 –20,246 –20,633 –21,200 –21,799 –22,675 –23,478 –24,481 –92,343 –205,976

Impose a 14-percent one-time tax on previously untaxed foreign income 13 ��

Limit shifting of income through intangible property transfers �� –88 –167 –201 –237 –275 –315 –361 –413 –473 –542 –968 –3,072

Disallow the deduction for excess non-taxed reinsurance premiums paid to affiliates �� –346 –616 –667 –708 –744 –784 –829 –863 –897 –934 –3,081 –7,388

126S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Modify tax rules for dual capacity taxpayers �� –533 –914 –956 –999 –1,043 –1,089 –1,119 –1,168 –1,220 –1,274 –4,445 –10,315Tax gain from the sale of a partnership

interest on look-through basis �� –183 –253 –266 –279 –293 –308 –323 –339 –356 –374 –1,274 –2,974Modify sections 338(h)(16) and 902 to limit

credits when non-double taxation exists �� –55 –95 –102 –105 –105 –105 –105 –105 –106 –106 –462 –989Close loopholes under subpart F �� –1,449 –2,519 –2,699 –2,890 –3,094 –3,312 –3,543 –3,789 –4,051 –4,330 –12,651 –31,676Restrict the use of hybrid arrangements that

create stateless income �� –116 –201 –215 –230 –246 –264 –283 –304 –326 –350 –1,008 –2,535Limit the ability of domestic entities to

expatriate �� –113 –311 –530 –769 –1,031 –1,317 –1,630 –1,970 –2,340 –2,743 –2,754 –12,754Total, reform the U�S� international tax

system �� –11,396 –19,145 –19,837 –20,780 –21,796 –24,716 –27,254 –29,116 –31,014 –33,231 –92,954 –238,285

Simplification and tax relief for small business:

Expand and permanently extend increased expensing for small business �� 7,200 10,941 8,935 7,300 6,254 5,502 5,108 4,968 4,896 4,929 5,012 38,932 63,845

Expand simplified accounting for small business and establish a uniform definition of small business for accounting methods �� 5,812 3,809 1,443 762 507 492 493 488 479 472 12,333 14,757

Eliminate capital gains taxation on investments in small business stock �� 206 710 1,277 1,811 2,342 2,869 206 9,215

Increase the limitations for deductible new business expenditures and consolidate provisions for start-up and organizational expenditures �� 359 446 440 434 431 428 426 423 419 415 2,110 4,221

Expand and simplify the tax credit provided to qualified small employers for non-elective contributions to employee health insurance 11 �� 24 305 328 218 174 148 102 113 76 60 26 1,173 1,550

Total, simplification and tax relief for small business �� 7,224 17,417 13,518 9,401 7,624 6,794 6,840 7,277 7,694 8,229 8,794 54,754 93,588

Incentives for manufacturing, research, and clean energy:

Enhance and make permanent research incentives �� 3,552 7,529 9,290 10,356 11,389 12,396 13,387 14,370 15,352 16,336 17,327 50,960 127,732

Extend and modify certain employment tax credits, including incentives for hiring veterans �� 403 796 885 950 997 1,033 1,074 1,121 1,167 1,210 1,255 4,661 10,488

Modify and permanently extend renewable electricity production tax credit and investment tax credit 11 �� –596 869 2,323 2,775 3,283 3,695 4,075 4,524 4,991 5,513 8,654 31,452

Modify and permanently extend the deduction for energy-efficient commercial building property �� 170 256 294 302 298 290 280 270 260 252 1,320 2,672

Provide a carbon dioxide investment and sequestration tax credit 11 �� 174 1,094 1,149 600 466 495 521 541 2,417 5,040

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Provide additional tax credits for investment in qualified property used in a qualifying advanced energy manufacturing project �� 73 192 1,111 772 94 –14 –48 –40 –37 2,148 2,103

Provide new Manufacturing Communities tax credit �� 87 256 457 600 683 745 784 689 447 145 2,083 4,893

Extend the tax credit for second generation biofuel production �� 35 80 119 149 163 175 183 158 113 65 18 686 1,223

Total, incentives for manufacturing, research, and clean energy �� 3,990 8,066 11,748 14,895 18,431 19,789 20,068 21,240 22,562 23,790 25,014 72,929 185,603

Incentives to promote regional growth:Modify and permanently extend the New

Markets tax credit �� 18 119 289 491 720 968 1,226 1,470 1,605 1,620 1,586 2,587 10,094Reform and expand the Low-Income Housing

tax credit �� 9 42 130 233 345 441 541 641 751 860 759 3,993

Total, incentives to promote regional growth �� 18 128 331 621 953 1,313 1,667 2,011 2,246 2,371 2,446 3,346 14,087

Incentives for investment in infrastructure:Provide America Fast Forward Bonds and

expand eligible uses 11 �� 1 5 11 14 22 28 35 41 48 53 53 258Allow current refundings of State and local

governmental bonds �� 1 5 5 5 5 5 5 5 5 5 21 46Repeal the $150 million non-hospital bond

limitation on all qualified 501(c)(3) bonds �� 1 3 5 7 9 11 13 16 17 16 82Increase national limitation amount for qualified

highway or surface freight transfer facility bonds �� 6 28 60 93 125 153 167 163 136 96 55 459 1,076

Provide a new category of qualified private activity bonds for infrastructure projects referred to as qualified public infrastructure bonds �� 25 117 251 386 524 638 695 714 733 751 1,303 4,834

Modify qualified private activity bonds for public education facilities ��

Modify treatment of banks investing in tax-exempt bonds �� 5 38 131 225 317 405 493 574 630 616 716 3,434

Repeal tax-exempt bond financing of professional sports facilities �� –3 –11 –23 –35 –47 –60 –72 –85 –97 –109 –119 –542

Allow more flexible research arrangements for purposes of private business use limits �� 1 1 1 3 3 3 4 2 16

Modify tax-exempt bonds for Indian tribal governments �� 4 12 12 12 12 12 12 12 12 12 52 112

Exempt foreign pension funds from the application of FIRPTA �� 120 206 216 227 238 250 263 276 290 304 1,007 2,390

Total, incentives for investment in infrastructure �� 6 181 433 699 965 1,232 1,455 1,608 1,689 1,736 1,708 3,510 11,706

Eliminate fossil fuel tax preferences:

128S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Treat publicly-traded partnerships for fossil fuels as C corporations �� –303 –322 –341 –358 –375 �� –1,699

Eliminate oil and natural gas preferences:Repeal enhanced oil recovery credit 14 ��

Repeal credit for oil and natural gas produced from marginal wells 14 ��

Repeal expensing of intangible drilling costs �� –2,267 –3,182 –2,351 –1,867 –1,566 –1,243 –848 –695 –723 –753 –11,233 –15,495

Repeal deduction for tertiary injectants �� –7 –10 –10 –10 –10 –10 –10 –10 –10 –10 –47 –97

Repeal exception to passive loss limitations for working interests in oil and natural gas properties �� –9 –17 –19 –20 –20 –20 –20 –20 –20 –20 –85 –185

Repeal percentage depletion for oil and natural gas wells �� –1,118 –1,790 –1,669 –1,585 –1,498 –1,375 –1,246 –1,122 –994 –856 –7,660 –13,253

Repeal domestic manufacturing deduction for oil and natural gas production �� –647 –1,115 –1,139 –1,173 –1,208 –1,242 –1,280 –1,321 –1,366 –1,413 –5,282 –11,904

Increase geological and geophysical amortization period for independent producers to seven years �� –91 –341 –537 –532 –440 –337 –226 –147 –125 –100 –1,941 –2,876

Subtotal, eliminate oil and natural gas preferences �� –4,139 –6,455 –5,725 –5,187 –4,742 –4,530 –3,952 –3,656 –3,596 –3,527 –26,248 –45,509

Eliminate coal preferences:Repeal expensing of exploration and

development costs �� –40 –68 –70 –74 –77 –77 –75 –73 –71 –69 –329 –694

Repeal percentage depletion for hard mineral fossil fuels �� –183 –299 –288 –278 –266 –254 –241 –228 –214 –199 –1,314 –2,450

Repeal capital gains treatment for royalties �� –27 –54 –53 –54 –55 –58 –61 –61 –62 –62 –243 –547

Repeal domestic manufacturing deduction for the production of coal and other hard mineral fossil fuels �� –45 –48 –50 –53 –54 –57 –59 –62 –65 –68 –250 –561

Subtotal, eliminate coal preferences � �� –295 –469 –461 –459 –452 –446 –436 –424 –412 –398 –2,136 –4,252Total, eliminate fossil fuel tax

preferences �� –4,434 –6,924 –6,186 –5,646 –5,194 –4,976 –4,388 –4,080 –4,008 –3,925 –28,384 –49,761

Reform the treatment of financial and insurance industry products:

Require that derivative contracts be marked to market with resulting gain or loss treated as ordinary �� –2,926 –4,769 –4,138 –2,731 –1,733 –1,186 –731 –531 –535 –516 –16,297 –19,796

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Modify rules that apply to sales of life insurance contracts �� –23 –43 –46 –48 –50 –54 –56 –58 –61 –63 –210 –502

Modify proration rules for life insurance company general and separate accounts �� –385 –676 –722 –762 –792 –816 –836 –843 –849 –862 –3,337 –7,543

Expand pro rata interest expense disallowance for corporate-owned life insurance �� –65 –159 –252 –364 –492 –641 –809 –980 –1,160 –1,357 –1,332 –6,279

Conform net operating loss (NOL) rules of life insurance companies to those of other corporations �� –15 –27 –29 –30 –32 –34 –36 –37 –39 –40 –133 –319

Total, reform the treatment of financial and insurance industry products �� –3,414 –5,674 –5,187 –3,935 –3,099 –2,731 –2,468 –2,449 –2,644 –2,838 –21,309 –34,439

Other revenue changes and loophole closers:Repeal LIFO method of accounting for

inventories �� –5,505 –7,866 –7,812 –8,012 –7,908 –8,070 –7,752 –7,644 –7,931 –7,592 –37,103 –76,092Repeal lower-of-cost-or-market inventory

accounting method �� –743 –1,491 –1,501 –1,511 –889 –266 –278 –291 –304 –317 –6,135 –7,591Modify like-kind exchange rules for real

property and collectibles �� –659 –2,005 –2,026 –2,048 –2,070 –2,094 –2,119 –2,145 –2,174 –2,202 –8,808 –19,542Modify depreciation rules for purchases of

general aviation passenger aircraft �� –108 –338 –499 –531 –596 –593 –395 –198 –139 –141 –2,072 –3,538Expand the definition of substantial built-

in loss for purposes of partnership loss transfers �� –6 –7 –7 –7 –7 –8 –8 –10 –10 –10 –34 –80

Extend partnership basis limitation rules to nondeductible expenditures �� –69 –97 –102 –105 –108 –110 –112 –114 –116 –118 –481 –1,051

Limit the importation of losses under related party loss limitation rules �� –63 –87 –92 –95 –97 –99 –100 –102 –104 –106 –434 –945

Deny deduction for punitive damages �� –30 –43 –44 –45 –46 –47 –48 –49 –51 –52 –208 –455Conform corporate ownership standards �� –1 –17 –32 –33 –34 –35 –36 –38 –40 –42 –117 –308Tax corporate distributions as dividends �� –48 –82 –86 –90 –94 –98 –103 –108 –113 –118 –400 –940Repeal FICA tip credit �� –480 –993 –1,062 –1,137 –1,216 –1,301 –1,389 –1,483 –1,581 –1,687 –4,888 –12,329Repeal the excise tax credit for distilled spirits

with flavor and wine additives 12 �� –85 –112 –112 –112 –112 –112 –112 –112 –112 –112 –533 –1,093

Total, other revenue changes and loophole closers �� –7,797 –13,138 –13,375 –13,726 –13,177 –12,833 –12,452 –12,294 –12,675 –12,497 –61,213 –123,964

Total, reserve for long-run revenue-neutral business tax reform ........................................... 11,238 –1,249 –18,851 –18,969 –16,114 –14,138 –15,226 –14,426 –13,748 –14,215 –14,529 –69,321 –141,465

Note: For receipt effects, positive figures indicate lower receipts� For outlay effects, positive figures indicate higher outlays� For net costs, positive figures indicate higher deficits�

1 For 2016, the additional funding is proposed as a discretionary change in mandatory programs (CHIMP)�2 Last summer, the President took action within his existing authority to implement eligibility expansions to income-based repayment plans proposed in the 2015 Budget�

However, the Administration continues to seek to work with the Congress to create a unified, simple, and better targeted PAYE program� The Budget would use the resulting savings presented in this table to help students and expand college access�

3 The estimates for this proposal include effects on receipts� The receipt effects included in the totals above are as follows:

130S

UM

MA

RY

TA

BL

ES


2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Reauthorize special assessment from domestic nuclear utilities �� –204 –208 –213 –218 –223 –228 –233 –238 –244 –249 –1,066 –2,258

Create State option to provide 12-month continuous Medicaid eligibility for adults �� –51 –103 –224 –203 –204 –212 –222 –229 –241 –581 –1,689

Extend CHIP funding through 2019 �� –24 –351 –750 –835 –515 �� –2,475 –2,475

Establish an AML hardrock reclamation fund �� –200 –200 –200 –200 –200 –200 –200 –200 –200 –800 –1,800

Increase coal AML fee to pre–2006 levels �� –49 –50 –51 –52 –52 –52 �� –254 –306

Strengthen Unemployment Insurance (UI) system solvency �� –3,634 –3,618 –3,457 –3,601 –3,901 –6,485 –6,313 –6,648 –7,100 –14,310 –44,757

Improve UI Extended Benefits �� –52 –201 –208 –269 –363 –443 –483 –448 –462 –483 –1,093 –3,412

Modernize UI �� –200 –120 –40 –40 �� –360 –400

Implement cap adjustments for UI program integrity �� 4 12 20 34 45 55 67 78 36 315

Improve UI program integrity (mandatory SIDES) �� 1 2 2 3 6 6 7 9 5 36

Allow use of prisoner database for UI program integrity �� 1 2 2 3 3 4 4 3 19

Increase levy authority for payments to Medicare providers with delinquent tax debt �� –34 –50 –50 –51 –52 –54 –54 –56 –56 –57 –237 –514

Implement tax enforcement program integrity cap adjustment �� –432 –1,451 –2,926 –4,476 –6,095 –7,481 –8,475 –9,077 –9,503 –9,819 –15,380 –59,735

Reform inland waterways funding �� –113 –113 –113 –113 –113 –113 –113 –113 –113 –113 –565 –1,130

Offset DI benefits for period of concurrent UI receipt �� 2 6 11 16 23 38 42 8 138

Enact immigration reform �� –2,000 –12,000 –28,000 –39,000 –45,000 –47,000 –55,000 –64,000 –77,000 –87,000 –126,000 –456,000Total receipt effects of mandatory proposals �� –2,908 –18,309 –36,427 –48,998 –56,427 –59,666 –71,185 –80,580 –94,339 –105,129 –163,069 –573,968

4 Health savings in Table S-2 includes all HHS health savings and OPM FEHBP savings�5 Unemployment insurance reform also includes the proposal to make the unemployment insurance surtax permanent� On net, the package reduces the deficit by $5�9

billion over 10 years�6 Revenues are net of the 20% Treasury offset�7 Deficit savings achieved through the increased value of monetized spectrum achieved via targeted investments that will enhance Federal spectrum efficiency and create

more opportunity for spectrum sharing�8 This proposal also saves less than $500,000 in SSI over 10 years�9 This proposal costs less than $500,000 in each year and over 5 and 10 years�10 Savings of $1 million over 5 years and $4 million over 10 years�11 The estimates for this proposal include effects on outlays� The outlay effects included in the totals above are as follows:

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016



2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Totals

2016-2020 2016-2025

Reform child care tax incentives �� 932 969 1,014 1,066 1,107 1,139 1,190 1,231 1,227 1,265 5,088 11,140

Simplify and better target tax benefits for education �� 1,862 4,822 4,774 4,829 5,177 5,471 5,785 6,075 6,135 16,287 44,930

Provide for automatic enrollment in IRAs, including a small employer tax credit, increase the tax credit for small employer plan start-up costs, and provide an additional tax credit for small employer plans newly offering auto-enrollment �� 127 195 200 209 212 215 220 225 229 731 1,832

Expand EITC for workers without qualifying children �� 276 5,519 5,553 5,600 5,709 5,825 5,914 5,997 6,090 6,198 22,657 52,681

Simplify the rules for claiming the EITC for workers without qualifying children �� 26 522 527 517 532 545 555 565 574 596 2,124 4,959

Provide a second-earner tax credit �� 732 729 750 740 761 768 770 762 767 2,951 6,779

Designate Promise Zones �� 12 28 29 31 32 34 35 37 38 41 132 317

Provide the IRS with greater flexibility to address correctable errors �� –26 –53 –54 –55 –55 –56 –57 –59 –60 –62 –243 –537

Rationalize tax return filing due dates so they are staggered �� –22 –22 –22 –23 –23 –23 –24 –24 –25 –25 –112 –233

Explicitly provide that the Department of the Treasury and IRS have authority to regulate all paid return preparers �� –2 –14 –15 –17 –18 –20 –21 –23 –25 –27 –66 –182

Total, outlay effects of receipt proposals �� 1,196 9,670 12,778 12,843 13,062 13,594 14,046 14,499 14,881 15,117 49,549 121,686

Addendum, reserve for long-run revenue-neutral business tax reform:

Expand and simplify the tax credit provided to qualified small employers for non-elective contributions to employee health insurance �� 6 76 68 32 23 21 11 10 8 8 4 220 261

Modify and permanently extend renewable electricity production tax credit and investment tax credit �� 20 47 63 71 78 83 90 95 101 201 648

Provide a carbon dioxide investment and sequestration tax credit �� 729 728 170 28 48 65 76 1,457 1,844

Provide America Fast Forward Bonds and expand eligible uses �� 306 1,397 3,006 4,689 6,438 8,244 10,101 11,994 13,911 15,845 15,836 75,931

12 Revenues are net of the 25% Treasury offset�13 The effect of this proposal on receipts is shown above under tax proposals�14 This provision is estimated to have zero receipt effect under the Administration’s current economic projections�

132S

UM

MA

RY

TA

BL

ES

Table S–10. Funding Levels for Appropriated (“Discretionary”) Programs by Category(Budget authority in billions of dollars)

Actual Enacted Request OutyearsTotals

2016–2020

2016–20252014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Discretionary Adjusted Baseline by Category: 1

Defense Category �� 521 522 523 536 549 562 576 590 660 676 693 710 2,746 6,075Non-Defense Category �� 514 512 493 504 516 530 543 556 604 619 635 650 2,587 5,651

Total, Base Discretionary Funding ................... 1,035 1,033 1,017 1,040 1,065 1,092 1,119 1,146 1,264 1,295 1,327 1,360 5,333 11,726

Discretionary Policy Changes to Baseline Caps:

Proposed Cap Changes: 2

Defense Category �� * +38 +37 +35 +30 +22 +20 –38 –41 –45 –49 +162 +9Non-Defense Category �� –2 +37 +37 +35 +30 +22 +20 –16 –18 –21 –23 +160 +102

Non-Defense Category Reclassifications:Surface Transportation Programs �� –4 –4 –4 –4 –4 –4 –5 –5 –5 –5 –5 –5 –22 –46Program Integrity �� –* –* –* –* –* –* –* –* –* –1 –2Contract Support Costs �� –1 –1 –1 –1 –1 –1 –1 –1 –1 –4 –10

Proposed Discretionary Policy by Category:Defense Category �� 521 522 561 573 584 592 598 610 622 635 648 661 2,908 6,084Non-Defense Category �� 510 506 526 535 545 554 559 570 582 595 608 620 2,720 5,694

Total, Base Discretionary Funding ................... 1,031 1,027 1,087 1,108 1,129 1,146 1,157 1,180 1,204 1,230 1,256 1,281 5,628 11,778

Discretionary Cap Adjustments and Other Funding (not included above): 3

Overseas Contingency Operations 4 �� 92 73 58 27 27 27 27 27 �� 165 191Disaster Relief �� 6 7 7 �� 7 7Program Integrity �� 1 1 2 1 2 2 3 3 3 3 3 3 11 25Wildfire Suppression �� 1 1 1 1 1 1 1 1 1 1 5 11Other Emergency/Supplemental Funding �� * 5 ��

Total, Cap Adjustments and Other .................... 99 87 68 29 30 30 30 31 4 4 4 4 188 235

Grand Total, Discretionary Budget Authority ... 1,129 1,114 1,155 1,138 1,159 1,176 1,188 1,211 1,208 1,234 1,260 1,286 5,815 12,013

Memorandum: Current Law and Proposed Changes to Existing BBEDCA Caps: 5 2016 2017 2018 2019 2020 2021

2016- 2021

Joint Committee Reductions �� –90 –91 –91 –90 –89 –88 –539

2016 Budget Proposed Addback to caps �� +74 +74 +70 +60 +44 +40 +362

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

133Table S–10. Funding Levels for Appropriated (“Discretionary”) Programs by Category—Continued

(Budget authority in billions of dollars)

* $500 million or less�1 The discretionary funding levels from OMB’s adjusted baseline are consistent with the caps in the Balanced Budget and Emergency Deficit Control Act of 1985

(BBEDCA), as amended, with separate categories of funding for “defense” (or Function 050) and “non-defense” for 2015–2021� These baseline levels assume Joint Committee enforcement cap reductions are in effect through 2021� For 2022 through 2025, programs are assumed to grow at current services growth rates with Joint Committee enforcement no longer in effect, consistent with current law� The levels shown here for the non-defense category do not include the reclassification of surface transportation programs shown later in the table�

2 The 2016 Budget provides a detailed request for 2016 at the cap levels requested in the 2015 Budget and, after 2016, continues the 2015 Budget framework of providing additional investments in both defense and non-defense programs above the baseline levels that include Joint Committee enforcement� In addition, the 2015 Enacted levels are illustratively adjusted to reflect the 2015 Request for the Department of Homeland Security since the programs and activities in the Department were under a short-term continuing resolution at the time the 2016 Budget was developed�

3 Where applicable, amounts in 2014 through 2025 are existing or proposed cap adjustments designated pursuant to Section 251(b)(2) of BBEDCA, as amended� The 2016 Budget proposes new cap adjustments for program integrity and wildfire suppression activities� For 2017 through 2025, the cap adjustment levels for wildfire suppression are a placeholder that increase at the policy growth rates in the President’s Budget� The existing disaster relief cap adjustment ceiling (which is determined one year at a time) would be reduced by the amount provided for wildfire suppression activities under the cap adjustment for the preceding fiscal year� The amounts will be refined in subsequent Budgets as data on the average costs for wildfire suppression are updated annually�

4 The 2016 Budget includes placeholder amounts of nearly $27 billion per year for Government-wide OCO funding from 2017 to 2021� The placeholder amounts continue to reflect a total OCO budget authority cap from 2013 to 2021 of $450 billion, in line with previous years’ policy, but do not reflect any specific decisions or assumptions about OCO funding in any particular year� These amounts do not reflect the Administration’s intent to transition all enduring costs currently funded in the OCO budget to the base budget beginning in 2017 and ending by 2020� Those amounts will be refined in subsequent Budgets as the Administration develops its OCO transition plan�

5 Under Joint Committee enforcement, the current law defense and non-defense discretionary caps specified in BBEDCA are estimated to be reduced by a combined $539 billion over the 2016 through 2021 period� The 2016 Budget proposes to restore approximately two-thirds of those reductions�

134S

UM

MA

RY

TA

BL

ES

Table S–11. Funding Levels for Appropriated (“Discretionary”) Programs by Agency(Budget authority in billions of dollars)


2016-2020

2016-20252014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Base Discretionary Funding by Agency: 1

Agriculture �� 24�3 23�8 23�5 25�2 25�5 25�7 26�0 26�5 27�1 27�6 28�2 28�7 125�9 264�0

Commerce �� 8�3 8�8 9�8 10�3 10�7 11�9 15�5 10�6 10�4 10�7 10�8 11�3 58�3 112�0Census Bureau �� 0�9 1�1 1�5 1�8 2�1 3�2 6�7 1�6 1�2 1�3 1�3 1�5 15�2 22�1

Defense 2 �� 496�0 496�1 534�3 547�3 556�4 564�4 570�0 581�4 593�0 604�9 617�0 629�3 2,772�4 5,798�1

Education �� 67�3 67�1 70�7 71�7 72�7 73�2 73�7 74�7 75�8 76�8 77�9 79�0 362�0 746�3

Energy �� 27�2 27�3 29�9 29�3 29�9 30�6 31�0 31�6 32�2 32�8 33�5 34�2 150�7 315�1National Nuclear Security

Administration 2 �� 11�2 11�4 12�6 11�5 11�7 12�2 12�3 12�6 12�8 13�1 13�3 13�6 60�3 125�7

Health & Human Services 3 �� 79�8 80�2 79�9 86�3 88�0 88�8 89�7 91�5 93�3 95�2 97�1 99�0 432�6 908�9

Homeland Security 4 �� 39�8 38�2 41�2 41�6 42�2 42�5 43�0 43�8 44�8 45�7 46�6 47�5 210�4 438�8

Housing and Urban Development �� 34�2 34�8 41�0 41�8 42�6 43�0 43�4 44�2 45�0 45�8 46�7 47�5 211�8 441�1

Interior �� 11�7 12�1 12�9 12�9 13�1 13�3 13�4 13�7 14�0 14�2 14�5 14�8 65�6 136�7

Justice �� 27�3 27�3 14�9 29�4 30�0 30�3 30�6 31�2 31�9 32�5 33�1 33�8 135�2 297�8

Labor �� 12�0 11�9 13�2 13�4 13�6 13�7 13�8 14�1 14�3 14�6 14�8 15�1 67�7 140�6

State and Other International Programs 42�9 40�1 46�3 47�2 48�1 48�6 48�9 49�9 50�8 51�9 52�9 53�9 239�0 498�4

Transportation �� 13�6 13�8 14�3 14�6 14�9 15�1 15�2 15�5 15�8 16�2 16�5 16�8 74�2 155�0

Treasury �� 12�7 12�2 12�8 14�0 14�3 14�5 14�8 15�1 15�5 15�8 16�2 16�5 70�4 149�5

Veterans Affairs �� 63�3 65�1 70�2 74�8 76�4 78�0 79�6 81�2 83�2 85�2 87�3 89�4 379�0 805�3

Corps of Engineers �� 5�7 5�5 4�7 4�8 4�9 5�0 5�0 5�1 5�2 5�3 5�4 5�5 24�5 51�1

Environmental Protection Agency �� 8�2 8�1 8�6 8�8 8�9 9�0 9�1 9�3 9�5 9�7 9�9 10�1 44�4 92�8

General Services Administration �� 2�0 –0�4 0�8 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 0�3 1�9 3�4

National Aeronautics & Space Administration �� 17�6 18�0 18�5 18�9 19�3 19�5 19�7 20�1 20�5 20�9 21�3 21�7 95�8 200�2

National Science Foundation �� 7�2 7�3 7�7 7�9 8�0 8�1 8�2 8�4 8�5 8�7 8�9 9�1 39�9 83�5

Small Business Administration �� 0�9 0�9 0�7 0�7 0�7 0�7 0�7 0�8 0�8 0�8 0�8 0�8 3�6 7�6

Social Security Administration 3 �� 8�9 9�0 9�6 9�4 9�6 9�7 9�8 10�0 10�2 10�4 10�6 10�8 48�1 100�1

Corporation for National & Community Service �� 1�0 1�1 1�2 1�2 1�2 1�2 1�3 1�3 1�3 1�3 1�4 1�4 6�1 12�8

Other Agencies �� 18�8 19�0 20�0 20�0 20�4 20�6 20�8 21�1 21�6 22�0 22�4 22�9 101�8 211�8

Allowances 5 �� –23�1 –22�7 –21�7 –26�5 –21�5 –21�1 –19�5 –18�3 –18�1 –93�9 –192�4

Subtotal, Base Discretionary Funding .. 1,030.8 1,027.4 1,086.8 1,108.4 1,129.3 1,146.2 1,157.1 1,180.0 1,203.8 1,229.7 1,255.6 1,281.5 5,627.7 11,778.3

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

135Table S–11. Funding Levels for Appropriated (“Discretionary”) Programs by Agency—Continued

(Budget authority in billions of dollars)


2016-2020

2016-20252014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Discretionary Cap Adjustments and Other Funding (not included above): 6

Overseas Contingency Operations .... 91.9 73.5 58.0 26.7 26.7 26.7 26.7 26.7 ......... ......... ......... ......... 164.7 191.3Defense �� 85�2 64�2 50�9 �� 50�9 50�9Homeland Security 4 �� 0�2 �� State and Other International

Programs �� 6�5 9�3 7�0 �� 7�0 7�0Overseas Contingency Operations

Outyears 7 �� 26�7 26�7 26�7 26�7 26�7 �� 106�7 133�3

Program Integrity ...................................... 0.9 1.5 2.3 1.5 1.9 2.3 2.7 2.8 2.8 2.9 3.0 3.1 10.6 25.1Health & Human Services �� 0�4 0�4 0�4 0�4 0�5 0�5 0�5 0�5 0�5 0�6 0�6 2�2 4�9Labor �� * * * * * 0�1 0�1 0�1 0�1 0�1 0�2 0�5Treasury �� 0�7 1�0 1�4 1�8 2�2 2�2 2�3 2�3 2�4 2�4 7�0 18�6SSA �� 0�9 1�1 1�2 �� 1�2 1�2

Disaster Relief ............................................. 5.6 6.5 6.9 ......... ......... ......... ......... ......... ......... ......... ......... ......... 6.9 6.9Agriculture �� 0�1 �� Homeland Security 4 �� 5�6 6�4 6�7 �� 6�7 6�7Small Business Administration �� 0�2 �� 0�2 0�2

Wildfire Suppression 8 ................................ ......... ......... 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 5.5 11.4Agriculture �� 0�9 0�9 0�9 0�9 0�9 0�9 0�9 1�0 1�0 1�0 4�4 9�2Interior �� 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 0�2 1�0 2�2

Other Emergency Funding ....................... 0.2 5.4 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........Defense �� 0�2 0�1 �� Health & Human Services �� 2�8 �� State and Other International

Programs �� 2�5 ��

Grand Total, Discretionary Funding ..... 1,129.5 1,114.3 1,154.9 1,137.6 1,158.9 1,176.2 1,187.5 1,210.5 1,207.8 1,233.8 1,259.8 1,285.8 5,815.3 12,013.0* $50 million or less�1 Amounts in the actual and enacted years of 2014 and 2015 exclude changes in mandatory programs enacted in appropriations bills since those amounts have been rebased

as mandatory, whereas amounts in 2016 are net of these proposals�2 The Department of Defense (DOD) levels in 2017–2025 include funding that will be allocated, in annual increments, to the National Nuclear Security Administration

(NNSA)� Current estimates by which DOD’s budget authority will decrease and NNSA’s will increase are, in millions of dollars: 2017: $1,602; 2018: $1,665; 2019: $1,698; 2020: $1,735; 2017–2025: $15,910� DOD and NNSA are reviewing NNSA’s outyear requirements and these will be included in future reports to the Congress�

3 Funding from the Hospital Insurance and Supplementary Medical Insurance trust funds for administrative expenses incurred by the Social Security Administration that support the Medicare program are included in the Health and Human Services total and not in the Social Security Administration total�

4 The 2015 Enacted levels are illustratively adjusted to reflect the 2015 Request for the Department of Homeland Security since the programs and activities in the Department were under a short-term continuing resolution at the time the 2016 Budget was developed�

136S

UM

MA

RY

TA

BL

ES

Table S–11. Funding Levels for Appropriated (“Discretionary”) Programs by Agency—Continued(Budget authority in billions of dollars)

5 The 2016 Budget includes allowances, similar to the Function 920 allowances used in Budget Resolutions, to represent amounts to be allocated among the respective agencies to reach the proposed defense and non-defense caps for 2017 and beyond� These levels are determined for illustrative purposes but do not reflect specific policy decisions�

6 Where applicable, amounts in 2014 through 2025 are existing or proposed cap adjustments designated pursuant to Section 251(b)(2) of the BBEDCA, as amended�7 The 2016 Budget includes placeholder amounts of nearly $27 billion per year for Government-wide OCO funding from 2017 to 2021� The placeholder amounts continue

to reflect a total OCO budget authority cap from 2013 to 2021 of $450 billion, in line with previous years’ policy, but do not reflect any specific decisions or assumptions about OCO funding in any particular year� These amounts do not reflect the Administration’s intent to transition all enduring costs currently funded in the OCO budget to the base budget beginning in 2017 and ending by 2020� Those amounts will be refined in subsequent Budgets as the Administration develops its OCO transition plan�

8 For 2017 through 2025, the cap adjustment levels are a placeholder that increase at the policy growth rates in the President’s Budget� The existing disaster relief cap adjustment ceiling (which is determined one year at a time) would be reduced by the amount provided for wildfire suppression activities under the cap adjustment for the preceding fiscal year� Those amounts will be refined in subsequent Budgets as data on the average costs for wildfire suppression are updated annually�

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

137Table S–12. Economic Assumptions 1

(Calendar years)

Actual2013

Projections

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Gross Domestic Product (GDP):

Nominal level, billions of dollars �� 16,768 17,394 18,188 19,039 19,933 20,847 21,770 22,717 23,705 24,736 25,812 26,934 28,106

Percent change, nominal GDP, year/year �� 3�7 3�7 4�6 4�7 4�7 4�6 4�4 4�3 4�3 4�3 4�3 4�3 4�3

Real GDP, percent change, year/year �� 2�2 2�2 3�1 3�0 2�8 2�6 2�4 2�3 2�3 2�3 2�3 2�3 2�3

Real GDP, percent change, Q4/Q4 �� 3�1 2�1 3�0 3�0 2�7 2�5 2�3 2�3 2�3 2�3 2�3 2�3 2�3

GDP chained price index, percent change, year/year �� 1�5 1�5 1�4 1�6 1�8 2�0 2�0 2�0 2�0 2�0 2�0 2�0 2�0

Consumer Price Index, 2 percent change, year/year ......... 1�5 1�7 1�4 1�9 2�1 2�2 2�3 2�3 2�3 2�3 2�3 2�3 2�3

Interest rates, percent: 3

91-day Treasury bills 4 �� 0�1 * 0�4 1�5 2�4 2�9 3�2 3�3 3�4 3�4 3�5 3�5 3�5

10-year Treasury notes �� 2�4 2�6 2�8 3�3 3�7 4�0 4�3 4�5 4�5 4�5 4�5 4�5 4�5

Unemployment rate, civilian, percent 3 ............................... 7�4 6�2 5�4 5�1 4�9 4�9 5�0 5�1 5�2 5�2 5�2 5�2 5�2*0�05 percent or less�Note: A more detailed table of economic assumptions appears in Chapter 2, “Economic Assumptions and Interactions with the Budget,” in the Analytical Perspectives volume

of the Budget�1 Based on information available as of mid-November 2014�2 Seasonally adjusted CPI for all urban consumers�3 Annual average�4 Average rate, secondary market (bank discount basis)�

138S

UM

MA

RY

TA

BL

ES

Table S–13. Federal Government Financing and Debt(Dollar amounts in billions)

Actual2014

Estimate

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Financing:

Unified budget deficit:Primary deficit (+)/surplus (–) �� 256 353 191 102 55 34 10 4 –23 –65 –106 –99Net interest �� 229 229 283 361 424 483 544 597 649 700 744 785

Unified budget deficit �� 485 583 474 463 479 518 554 600 626 635 639 687As a percent of GDP �� 2�8% 3�2% 2�5% 2�3% 2�3% 2�4% 2�5% 2�6% 2�6% 2�5% 2�4% 2�5%

Other transactions affecting borrowing from the public:Changes in financial assets and liabilities: 1

Change in Treasury operating cash balance �� 70 42 �� Net disbursements of credit financing accounts:

Direct loan accounts �� 121 96 132 137 133 129 125 119 117 119 117 116Guaranteed loan accounts �� 12 8 –3 –3 –1 –2 –2 –4 –5 –8 –8 –8Troubled Asset Relief Program (TARP)

equity purchase accounts �� –6 –1 –* –* –* –* –* –* –* –* –* –*

Net purchases of non-Federal securities by the National Railroad Retirement Investment Trust (NRRIT) �� 1 –* –1 –1 –1 –1 –1 –1 –1 –* –1 –*

Net change in other financial assets and liabilities 2 �� 114 �� Subtotal, changes in financial assets and

liabilities �� 313 144 128 134 131 127 122 114 111 111 108 108Seigniorage on coins �� –* –* –* –* –* –* –* –* –* –* –* –*

Total, other transactions affecting borrowing from the public �� 313 144 128 134 131 127 121 114 110 111 108 107

Total, requirement to borrow from the public (equals change in debt held by the public) �� 797 726 602 596 610 644 676 714 736 746 747 794

Changes in Debt Subject to Statutory Limitation:

Change in debt held by the public �� 797 726 602 596 610 644 676 714 736 746 747 794

Change in debt held by Government accounts �� 278 107 104 165 165 126 97 86 4 16 33 –26

Change in other factors �� 7 1 2 2 2 3 2 2 2 2 1 *Total, change in debt subject to statutory

limitation �� 1,082 834 708 763 778 773 775 803 742 763 781 768

Debt Subject to Statutory Limitation, End of Year:

Debt issued by Treasury �� 17,768 18,600 19,307 20,068 20,845 21,616 22,389 23,191 23,931 24,693 25,474 26,242

Adjustment for discount, premium, and coverage 3 �� 13 15 17 18 19 21 22 24 25 26 27 27Total, debt subject to statutory limitation 4 �� 17,781 18,615 19,323 20,087 20,864 21,637 22,412 23,214 23,956 24,720 25,501 26,269

TH

E B

UD

GE

T F

OR

FIS

CA

L Y

EA

R 2016

139Table S–13. Federal Government Financing and Debt—Continued

(Dollar amounts in billions)

Actual2014

Estimate

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Debt Outstanding, End of Year:

Gross Federal debt: 5 Debt issued by Treasury �� 17,768 18,600 19,307 20,068 20,845 21,616 22,389 23,191 23,931 24,693 25,474 26,242Debt issued by other agencies �� 26 27 27 27 25 24 24 23 22 22 21 21

Total, gross Federal debt �� 17,794 18,628 19,334 20,095 20,870 21,640 22,413 23,213 23,953 24,715 25,494 26,262

Held by:Debt held by Government accounts �� 5,015 5,121 5,225 5,390 5,555 5,681 5,778 5,864 5,868 5,885 5,917 5,891Debt held by the public 6 �� 12,780 13,506 14,108 14,705 15,315 15,959 16,635 17,349 18,085 18,830 19,577 20,371

As a percent of GDP �� 74�1% 75�1% 75�0% 74�6% 74�3% 74�1% 74�0% 74�0% 73�9% 73�7% 73�5% 73�3%

Debt Held by the Public Net of Financial Assets:

Debt held by the public �� 12,780 13,506 14,108 14,705 15,315 15,959 16,635 17,349 18,085 18,830 19,577 20,371

Less financial assets net of liabilities:Treasury operating cash balance �� 158 200 200 200 200 200 200 200 200 200 200 200Credit financing account balances:

Direct loan accounts �� 1,065 1,161 1,293 1,430 1,564 1,693 1,818 1,936 2,053 2,173 2,290 2,406

Guaranteed loan accounts �� 2 10 7 4 3 2 –* –4 –10 –17 –26 –34

TARP equity purchase accounts �� 1 * * * –* –* –* –* –* –1 –1 –1Government-sponsored enterprise preferred stock �� 96 96 96 96 96 96 96 96 96 96 96 96Non-Federal securities held by NRRIT �� 25 25 24 23 22 22 21 20 19 19 18 18Other assets net of liabilities �� –23 –23 –23 –23 –23 –23 –23 –23 –23 –23 –23 –23

Total, financial assets net of liabilities �� 1,324 1,469 1,597 1,731 1,862 1,989 2,111 2,225 2,335 2,447 2,555 2,663Debt held by the public net of financial

assets �� 11,455 12,038 12,512 12,974 13,453 13,970 14,524 15,124 15,749 16,384 17,022 17,709As a percent of GDP �� 66�4% 66�9% 66�5% 65�8% 65�3% 64�9% 64�6% 64�5% 64�4% 64�2% 63�9% 63�7%

* $500 million or less�1 A decrease in the Treasury operating cash balance (which is an asset) is a means of financing a deficit and therefore has a negative sign� An increase in checks

outstanding (which is a liability) is also a means of financing a deficit and therefore also has a negative sign�2 Includes checks outstanding, accrued interest payable on Treasury debt, uninvested deposit fund balances, allocations of special drawing rights, and other liability

accounts; and, as an offset, cash and monetary assets (other than the Treasury operating cash balance), other asset accounts, and profit on sale of gold�3 Consists mainly of debt issued by the Federal Financing Bank (which is not subject to limit), Treasury securities held by the Federal Financing Bank, the unamortized

discount (less premium) on public issues of Treasury notes and bonds (other than zero-coupon bonds), and the unrealized discount on Government account series securities�

4 Legislation enacted February 15, 2014, (P�L� 113-83) temporarily suspends the debt limit through March 15, 2015�5 Treasury securities held by the public and zero-coupon bonds held by Government accounts are almost all measured at sales price plus amortized discount or less

amortized premium� Agency debt securities are almost all measured at face value� Treasury securities in the Government account series are otherwise measured at face value less unrealized discount (if any)�

6 At the end of 2014, the Federal Reserve Banks held $2,451�7 billion of Federal securities and the rest of the public held $10,328�1 billion� Debt held by the Federal Reserve Banks is not estimated for future years�

Documents

SUMMARY TABLES - whitehouse.gov€¦ · Proposals in the 2016 Budget: 2 Tax reforms and investments to support working ... proposals to limit the total accrual of tax-favored retirement